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Thursday, Dec. 10, 2009 | 9:52 a.m.
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Las Vegas saw more visitors in October than it did in the same month a year ago, marking the second consecutive month of a year-over-year increase.
The Las Vegas Convention and Visitors Authority this morning reported that 3,153,159 people visited Las Vegas in October. That's up from 3,039,272 visitors in October 2008 -- an increase of 3.7 percent.
Visitor numbers also were up in September compared to a month earlier, marking the first increase in consecutive months since November and December of 2007.
Room inventory was up 2.8 percent in October, to 141,489 rooms, as total occupancy was down 1.2 percent from a year ago.
The increase in visitors came at the expense of lower room rates. The average daily room rate in October was $99.59, which is a 14 percent drop from the average of $115.68 a year earlier.
The number of conventions held in Las Vegas dropped 4.3 percent, to 2,364 in October, as convention attendance dropped 8.3 percent compared to last year, with 349,383 visitors attending conventions in October.
Average daily auto traffic on Interstate 15 at the California-Nevada line is up 1.9 percent.
Visitor volume was down 11.3 percent in Laughlin and down 25.6 percent in Mesquite compared to October 2008.
Yeehaw! That R&R contract is paying huge dividends. We should extend that contract for no good reason other than this proves what happens here, well, you know the rest.
The average daily room rate in October was $115.68, which is a 14 percent drop from the average of $115.68 a year earlier.
um...what?
Hi double11down, the average was $99.59 in October, which was added to the story. Thanks.
vegas is really hurting///////your chances on winning on slot machines must be 98% against you./////we were better off when the mob ran things ///then at least u had a chance at winning//// the corporations are the legalized mob//////////they do not pay a decent wage other than to a few//// the guys at the top are so greedy that if they make 20 million they are not happy for they want 40 million/////////vegas needs to clean house and give people a chance to win at times
Evidently these visitors aren't gambling since Strip revenues are down for the 22nd month in a row.
(thanks Tim)
Revenues down, room rates down, conventions down, visitors up.
That does not look good for CC. It will be interesting to see how rates move with CC's 4000+ rooms coming online. There may be a small rise due to the opening but I don't see how that can be sustained.
Caesars new tower is still waiting to open correct? Plus Cosmo..and who knows about F'bleu
2010 should be interesting....
when you threaten those that work for a living to support those that don't...the ones that work stop spending.
deanchance02 : where ya been? we've been spouting this for months on these discussion rooms. Welcome to the bitch fest!!