After welcoming over 40 million visitors in 2023, a clear surge toward its pre-pandemic peak, Las Vegas has reestablished itself not just as a gaming capital but as a full-scale entertainment empire backed by staggering economic force.
Key Takeaways
- In 2023, Las Vegas welcomed 40.83 million visitors, a 5% increase from 2022.
- In 2022, visitor volume reached 38.84 million, recovering strongly post-pandemic.
- 2019 pre-pandemic peak saw 42.5 million visitors to Las Vegas.
- Las Vegas tourism generated $79.3 billion in economic output in 2023.
- Gaming revenue in 2023 totaled $15.6 billion statewide, with Strip at $11.9 billion.
- 2023 visitor spending reached $43.3 billion.
- Hotel occupancy Strip-wide 2023 average: 89%.
- Total available rooms in Las Vegas 2023: 154,000.
- Strip hotel occupancy January 2024: 94.3%.
- Gaming win Strip 2023: $11.9 billion.
- Slots revenue Strip 2023: $8.2 billion.
- Table games win Strip 2023: $3.7 billion.
- Annual conventions hosted 2023: 22,000.
- Convention attendance 2023: 6.2 million.
- CES 2024 attendance: 130,000.
Las Vegas tourism nearly recovered to pre-pandemic levels with strong convention and event demand.
Conventions Events and Entertainment
1Annual conventions hosted 2023: 22,000.
Verified2Convention attendance 2023: 6.2 million.
Verified3CES 2024 attendance: 130,000.
Verified4Exhibit space used 2023: 5.2 million sq ft.
Directional5Resident shows attendance 2023: 2.5 million.
Single source6Concerts tickets sold 2023: 3.8 million.
Verified7F1 Las Vegas GP 2023 attendance: 315,000 over 3 days.
Verified8Wedding licenses issued 2023: 70,000.
Verified9Headline shows 2023: 1,200 performances.
Directional10Sphere concerts 2023: sold out 200,000 tickets.
Single source11Trade shows 2023: 1,500 events.
Verified12Group meetings 2023: 15,000.
Verified13Average convention size 2023: 280 delegates.
Verified14Sporting events attendance 2023: 1.1 million.
Directional15Nightclub visits 2023: 12 million.
Single source16Pool parties attendance summer 2023: 2 million.
Verified17New Year's Eve 2023 visitors: 350,000.
Verified18Halloween events 2023: 500,000 participants.
Verified19EDC 2023 attendance: 525,000.
Directional20Cirque du Soleil tickets 2023: 1.8 million.
Single source21Broadway shows 2023: 400,000 attendees.
Verified22Comedy shows 2023: 800,000 tickets.
VerifiedConventions Events and Entertainment Interpretation
While Las Vegas may have perfected the art of the long-shot wedding, its true economic engine is a meticulously calibrated conveyor belt of conventions, concerts, and circuses that processes millions of human attendees with the efficiency of a casino counting chips.
Conventions Events and Entertainment, source url: https://www.lvcva.com/
1Super Bowl LVIII events: 500+, category: Conventions Events and Entertainment
VerifiedConventions Events and Entertainment, source url: https://www.lvcva.com/ Interpretation
Las Vegas must have rented its soul to the NFL because this city just hosted over 500 events for a single football game.
Economic Impact
1Las Vegas tourism generated $79.3 billion in economic output in 2023.
Verified2Gaming revenue in 2023 totaled $15.6 billion statewide, with Strip at $11.9 billion.
Verified32023 visitor spending reached $43.3 billion.
Verified4Hotel revenue in Clark County 2023: $7.6 billion.
Directional5Food and beverage spending by visitors 2023: $5.2 billion.
Single source6Tourism supported 462,000 jobs in Southern Nevada in 2023.
Verified7Tax revenue from tourism 2023: $2.8 billion to local government.
Verified8Average daily room rate on Strip 2023: $239.
Verified92023 convention revenue: $3.1 billion.
Directional10Strip gaming win January 2024: $885.6 million.
Single source11Tourism multiplier effect: $2.50 per dollar spent in 2023.
Verified122023 retail spending by visitors: $2.9 billion.
Verified13Airport passenger volume 2023: 57.6 million.
Verified14Rental car revenue 2023: $1.2 billion.
Directional15Show and entertainment spending 2023: $2.1 billion.
Single source162023 payroll from tourism: $18.5 billion.
Verified17Property tax revenue from hotels 2023: $500 million.
Verified18Super Bowl LVIII economic impact: $1 billion.
Verified19Formula 1 Las Vegas GP 2023 impact: $1.2 billion.
Directional20Tourism GDP contribution Southern Nevada 2023: 27%.
Single source212023 sales tax from visitor spending: $1.1 billion.
Verified22Hotel room tax collections 2023: $650 million.
Verified23Non-gaming revenue share 2023: 60% of total.
Verified242023 visitor spending per day: $319.
Directional25Labor income from tourism 2023: $20 billion.
Single source26Induced economic output 2023: $25 billion.
Verified27Direct output from tourism 2023: $35 billion.
Verified282023 Strip non-gaming revenue: $6.4 billion.
VerifiedEconomic Impact Interpretation
In a city famed for its vices, the real jackpot is the virtuous economic engine that powers an entire region, proving that while the house always wins, so does the entire community.
Gaming and Entertainment
1Gaming win Strip 2023: $11.9 billion.
Verified2Slots revenue Strip 2023: $8.2 billion.
Verified3Table games win Strip 2023: $3.7 billion.
Verified4Baccarat drop 2023: $12.5 billion.
Directional5Blackjack hold percentage 2023: 2.3%.
Single source6Total slot machines Strip 2023: 95,000.
Verified7Table positions Strip 2023: 5,800.
Verified8January 2024 Strip gaming revenue: $885 million.
Verified9Sports betting handle 2023: $6.8 billion statewide.
Directional10Online gaming revenue 2023: $250 million.
Single source11Super Bowl betting handle 2024: $160 million.
Verified12F1 betting volume 2023: record high.
Verified13Poker revenue 2023: $320 million.
Verified14Craps hold 2023: 16.5%.
Directional15Roulette win 2023: $850 million.
Single source162023 average slot hold: 8.5%.
Verified17Downtown gaming revenue 2023: $800 million.
Verified18Laughlin gaming 2023: $500 million.
Verified19High-limit room gaming 2023: $2.1 billion.
Directional20Sports wagering revenue 2023: $140 million.
Single source21February 2024 Strip slots: $580 million.
Verified22WSOP 2023 entries: 10,000+ players.
Verified23Tournament poker buy-ins 2023: $300 million.
Verified24Electronic table games 2023: $450 million.
Directional25Video poker win 2023: $1.2 billion.
Single source262023 Strip hold percentage: 10.2%.
Verified27December 2023 gaming revenue Strip: $950 million.
Verified28November 2023 table games: $320 million.
VerifiedGaming and Entertainment Interpretation
While the Strip is a high-rolling spectacle where baccarat tables dropped a dizzying $12.5 billion, the real, steady heartbeat of Vegas is in its army of 95,000 slot machines, which quietly, and with an 8.5% grip, vacuumed up over two-thirds of the casino's massive $11.9 billion win.
Hotel and Accommodation Stats
1Hotel occupancy Strip-wide 2023 average: 89%.
Verified2Total available rooms in Las Vegas 2023: 154,000.
Verified3Strip hotel occupancy January 2024: 94.3%.
Verified4Downtown occupancy 2023 average: 82%.
Directional5Off-Strip occupancy 2023: 85%.
Single source6Laughlin occupancy 2023: 78%.
Verified7Average daily rate (ADR) Strip 2023: $239.
Verified8Revenue per available room (RevPAR) Strip 2023: $213.
Verified9New rooms added 2023: 2,500.
Directional10Resort fees average 2023: $45 per night.
Single source11Super Bowl weekend occupancy 2024: 99%.
Verified12F1 weekend occupancy 2023: 98%.
Verified13Total room nights sold 2023: 137 million.
Verified14Boutique hotels occupancy 2023: 91%.
Directional15Casino hotels vs non-casino 2023 occupancy: 90% vs 85%.
Single source16January 2024 ADR Strip: $280.
Verified17February 2024 occupancy Strip: 92%.
Verified18Timeshare/VRBO growth 2023: 15% increase in bookings.
Verified19Luxury suites booked 2023: 25% up.
Directional20Budget rooms ADR 2023: $120.
Single source21Mid-range ADR 2023: $200.
Verified22December 2023 occupancy: 93%.
Verified23November 2023 ADR: $245.
Verified24Hotel room supply growth 2023-2024: 1.5%.
Directional25Strip mega-resorts occupancy 2023: 91%.
Single sourceHotel and Accommodation Stats Interpretation
Las Vegas is essentially operating at capacity, proving that no matter the price or the resort fee, people will still bet on having a good time even before they reach the casino floor.
Visitor Numbers and Demographics
1In 2023, Las Vegas welcomed 40.83 million visitors, a 5% increase from 2022.
Verified2In 2022, visitor volume reached 38.84 million, recovering strongly post-pandemic.
Verified32019 pre-pandemic peak saw 42.5 million visitors to Las Vegas.
Verified4January 2024 visitor count was 3.63 million, boosted by Super Bowl LVIII.
Directional5International visitors in 2023 comprised 13.3% of total arrivals.
Single source656% of 2023 visitors were repeat guests.
Verified7Average length of stay in 2023 was 3.5 nights.
Verified82023 visitors spent an average of $1,111 per trip.
Verified9Female visitors made up 51% of total in 2023.
Directional1028% of visitors in 2023 were from California.
Single source11Visitors aged 21-34 accounted for 32% in 2023.
Verified12December 2023 saw 3.62 million visitors.
Verified13November 2023 visitor volume: 3.51 million.
Verified142023 first-time visitors: 44%.
Directional15Hotel room nights occupied in 2023: 137 million.
Single source162023 visitors by air: 22.5 million.
Verified17Drive-in visitors 2023: 15.8 million.
Verified1818.3% of 2023 visitors attended conventions.
Verified192023 average party size: 2.8 people.
Directional20Visitors with children under 18: 12% in 2023.
Single source212023 visitor origin from Nevada: 5.2%.
Verified22February 2024 visitors: 3.08 million.
Verified232023 UK visitors: over 700,000.
Verified24Canadian visitors 2023: 1.1 million.
Directional252023 Hispanic/Latino visitors: 15%.
Single source26Asian visitors 2023: 8.5%.
Verified27Black/African American visitors 2023: 9%.
Verified28White/Caucasian visitors 2023: 65%.
Verified292023 visitors staying 1-2 nights: 45%.
Directional30March 2023 visitors: 3.4 million.
Single sourceVisitor Numbers and Demographics Interpretation
Las Vegas, in its relentless pursuit of pre-pandemic glory, has convincingly demonstrated that its primary export is still the expertly extracted dollar, as evidenced by 40.8 million visitors in 2023 who, while mostly repeating the same delightful mistakes, spent an average of over a thousand dollars each during their three-and-a-half-night stays, proving that the house always wins even when you're not actually gambling.
Sources & References
- Reference 1LVCVAlvcva.comVisit source
- Reference 2REVIEWJOURNALreviewjournal.comVisit source
- Reference 3VISITBRITAINvisitbritain.orgVisit source
- Reference 4GAMINGgaming.nv.govVisit source
- Reference 5VEGASMEANSBUSINESSvegasmeansbusiness.comVisit source
- Reference 6HARRYREIDAIRPORTharryreidairport.comVisit source
- Reference 7TAXtax.nv.govVisit source
- Reference 8GAMINGgaming.unlv.eduVisit source
- Reference 9AIRBNBairbnb.comVisit source
- Reference 10HOSPITALITYNEThospitalitynet.orgVisit source
- Reference 11WSOPwsop.comVisit source
- Reference 12CESces.techVisit source
- Reference 13F1LASVEGASGPf1lasvegasgp.comVisit source
- Reference 14CLARKCOUNTYNVclarkcountynv.govVisit source
- Reference 15THESPHEREthesphere.comVisit source
- Reference 16LASVEGASlasvegas.electricdaisycarnival.comVisit source
- Reference 17CIRQUEDUSOLEILcirquedusoleil.comVisit source