Hotel occupancy rate in Las Vegas 2001-2023
The hotel occupancy rate in Las Vegas reached 83.5 percent in 2023. This figure reflects an increase over the previous year's total of 79.2 percent. In 2020, hotel occupancy was severely impacted by the coronavirus (COVID-19) pandemic.
Tourism in Las Vegas
With a population of more than one and a half million, the city of Las Vegas is the most populous in the state of Nevada. It is a well-known resort city with gambling, dining, shopping and nightlife being its main attractions and drawing millions of visitors each year from other parts of the United States and beyond. However, the growing cases of coronavirus infections caused enormous repercussions in the city’s tourism. In 2020, the number of visitors to Las Vegas dropped by as much as 55 percent from the previous year. Hotel occupancy and daily room rates also declined in that year.
How did COVID-19 affect casino gaming?
As with the lodging sector, the gambling industry was also severely affected by the pandemic. In order to control the spread of the virus, casinos and non-essential businesses were forced to close, causing a staggering drop in casino revenue. The win amount of casino poker games in Nevada fell by over 50 million U.S. dollars from 2019 to 2020.
