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Vegas sees nearly 40 million visitors and 5 year high Strip gaming win in 2013

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According to a Las Vegas Convention and Visitors Authority (LVCVA) report released yesterday (Friday, Jan.31), the city hosted 39.7 million visitors in 2013. The 2013 visitor volume was roughly 60,000 fewer than that observed in the record visitation year of 2012. The Nevada Gaming Control Board report also released yesterday indicated the Las Vegas Strip brought in $6.5 billion in 2013, the highest total Strip gaming revenue stat observed in 5 years.

City-wide hotel occupancy averaged 84.3% in 2013, with city-wide average daily room rates reported as $111 ($3 higher than the average in 2012). Average daily room rates on the Strip in 2013 were just over $119. More than 5.1 million people attended Las Vegas conventions in 2013, which was 3.3% higher than the 2012 figure.

Analysts indicate that baccarat revenues on the Strip ($1.5 billion) were 16% higher than that seen in 2012, and was cited as a key reason for overall increased revenue figures. The total Strip gaming revenue ($6.5 billion) accounted for nearly 60% of the statewide total gaming revenue in 2013.

Clark County as a whole had revenues of $9.7 billion last year, 2.3% higher than that seen in 2012.