Friday, October 30, 2015

September 2015 Revenue and Visitation Numbers

September 2015 Las Vegas Gaming Revenue and Visitor Statistics have been released.

Las Vegas visitation was robust increasing +6% in September year over year. This translated into citywide occupancy up 4% with average room rates and revenue per available room increasing significantly (+8.8% and +13.9% respectively). Total room nights occupied were up 3.6%. September was a particularly strong month for convention attendance, which was up 23.9%.

Downtown continued its winning streak with strong occupancy (+5.8%), average daily rate (+19.4%), and revenue per available room (+28.3%) all trending upwards.

Air traffic was also up again in September, increasing +5.9% year over year.

Gaming revenue on the Strip was up +2%. High end baccarat, which has been a struggle for casinos lately, had a better month on the Strip in September increasing +23.39% from last year.

Downtown had more good news with total gaming revenue up +9.3%. Slot machines (+7.55%) and table games (+12.33) both showed healthy increases.

The up and down Las Vegas locals market was down this time, as the Boulder Strip was -5.52% in September while North Las Vegas was -7.32% year over year.

All in all September was a really good month for Las Vegas. The Strip and downtown both showed strong hotel results. Strip gaming numbers seem to be improving, while downtown gaming is really going strong. It will be interesting if these impressive trends continue through the end of 2015 and into 2016.