As Las Vegas hosted approximately 3,668,100 visitors, Weekend occupancy rates in the city showed strong numbers. This was according to the Las Vegas Convention and Visitors Authority (LVCVA) report. However, this was offset by low convention attendance as a result of rotation cycles and overall visitor volume. This resulted in a net decrease of -0.3% YoY.
Further, Citywide occupancy (90.0%) declined by ‐1.4 pts. Weekend occupancy (98%, +0.8 pts) numbers overshadowed a low Midweek occupancy (87.1%, ‐2.3 pts) numbers.
As the number of jobs increases, the unemployment rate continues to decline. The recent report from the Nevada Department of Employment, Training, and Rehabilitation shows that Reno and Las Vegas areas enjoyed an increase of 700 jobs and 5,600 jobs compared with October.
The numbers show that the said areas have steady and higher employment numbers than the national growth rate of 1.5 percent.