Las Vegas Market Summary and Statistics

Clark County (Southern Nevada) is home to nearly 2.3 million residents. The city of Las Vegas sits at the heart of the county and is internationally recognized as the “Entertainment Capital of the World.”  Las Vegas’ gaming, dining, shopping, and business conventions are major attractions for national and International visitors.  Las Vegas has approximately 149,000 hotel rooms.

VISITOR CHART

2018

2019

2020*
VISITOR VOLUME 41.2M 42.5M 19M
GAMING REVENUE $11.9B $12.03B $6.54B
ROOM OCCUPANCY 88.2% 88.9% 42.1%
CONVENTION DELEGATES 6.5M 6.7M 1.73M
TOTAL EN/DEPLANED PASSENGERS 48.5M 51.4M 22.2M
ROOM INVENTORY 149,158 149,422 143,117

 

*2020 Numbers are reflective of a complete closure of all resort casinos from March 17, 2020 until June 1, 2020.  Due to significantly decreased demand, not all resorts opened when allowed, and there were strict occupancy limitations for those that did.  While 2021 is not expected to reach pre-pandemic levels of 2019 and early 2020, the demand curve for travel to Las Vegas has been much steeper than anticipated and 2021 forecasted volumes are expected to be much close to 2019 level, particularly in the second half of the year.

2.2MM RESIDENTS

980K EMPLOYEES

56K EMPLOYERS

Significant Developments Driving Market Growth

MSG Sphere

Revolutionary new 18k seat venue for concerts and entertainment (Early 2022)

Las Vegas Convention Center Expansion

$2.5 Billion, 800,000 sq. ft. expansion (May, 2021)

T-Mobile Arena

18,000 seat multi-use indoor arena and home of the NHL’s Vegas Golden Knights.  41 home games plus an estimated 41+ events annually.

Allegiant Stadium

65,000 seat multi-use domed Stadium.  Home of the NFL’s Las Vegas Raiders and the UNLV Running Rebels football teams. Plus an anticipated 45+ events annually.

Las Vegas Aces

WNBA women’s professional basketball team

Las Vegas Ballpark

Host of the Aviator’s Triple-A professional baseball team

Dollar Loan Center

7,500 seat multi-use arena in Henderson.  Home of the American Hockey League’s Silver Knights (Fall, 2021)