Friday, January 07, 2011

Visitation back to 2006 Levels?

According to McCarran airport officials, a record 14,495 taxis were loaded on Wednesday, January 5th. This broke the previous record of 13,927, which was set on January 4th, 2006. Both records coincided with the Consumer Electronics Show.

While one day of taxi data is a very small sample size, it has to say something that the record was broken. 2006 was the heyday of Las Vegas boom time, and the fact that we are now approaching these numbers (if even for only one day) shows that visitation is fairly robust.

Some people would argue that visitation has always been strong. Even in the worst of the recession there were many people in Las Vegas, but they were spending less money. This is true, but I have a feeling that is about to change. I think visitation numbers are going to be pretty strong in 2011 and room rates are quietly going up.

Source: Las Vegas Sun.