Las Vegas saw fewer visitors in 2017 than the year before
2016 was a fairly productive year for Las Vegas. It set a visitor record of 42,936,100 and enjoyed a sizeable $25 billion in revenue, an increase of less than 1% from the previous year. Unfortunately, Sin City wasn't able to repeat its success in 2017, and saw a decline in both areas.
The Las Vegas Convention and Visitors Authority released its preliminary report for the year, and revealed a decrease in visitation of about 42,215,900. Although convention attendance increased 5.2%, from 6,310,600 to 6,639,100, over 2016 numbers, hotel occupancy and casinos saw a significant drop. The average hotel nightly rate went up by 2.8% over the 2016 rates, from $129.45 to $125.97, but occupancy declined by 1.7%. As of Dec. 31, 148,897 hotel rooms were available across the city, almost the same amount as was available in 2016, 149,339.
This report was just the initial report, and if the final report confirms the data, it will be the first decline since 2012-2013. Following the mass shooting on Oct. 1 that claimed 57 lives and injured more than 500 people, there was a nosedive in Las Vegas visitation. While gamblers and tourists started to return later in the year, the damage had already been done. Gaming revenue in 2016 made up only 42.6% of the city's overall revenue, down from as much as 62% in previous years.