LAS VEGAS (KLAS) — Las Vegas tourism indicators had been down throughout the board in February, however the motive was fairly simple to see in comparisons to February 2024.
The Tremendous Bowl impact was noticeably gone. Lodge income and occupancy charges suffered compared, and customer quantity plunged by about 12%, based on the Las Vegas Conference and Guests Authority (LVCVA).
An time beyond regulation thriller in 2024 between the Kansas Metropolis Chiefs and the San Francisco 49ers had Las Vegas hopping, with Patrick Mahomes and his crew topped NFL champs, 25-22, at Allegiant Stadium. For 2025, the sport moved on to New Orleans — the eleventh time it has been performed there.
Folks had been already speaking in regards to the subsequent time the sport involves Las Vegas. However that is not on the schedule simply but, and all eyes are on 2029 as insiders make Las Vegas a favourite for its second Tremendous Bowl.
This 12 months, “Mahomes Magic” was MIA because the Chiefs misplaced to the Philadelphia Eagles, 40-22, on the Caesars Superdome. Regardless of the place the sport is performed, individuals flock to Las Vegas for the expertise. And having the sport return is certainly a precedence for tourism officers.
So how a lot distinction did it actually make?
Casinos on the Las Vegas Strip received simply over $690 million in February, about $110 million lower than in 2024.
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The LVCVA stories that resort occupancy shrank by 3.4% and income per out there room (RevPAR) dropped by 28.1%. RevPAR this February was $149.86. The common every day fee for your complete month fell by 25% to $186.16.
On the Strip, RevPAR was $165.91 — 28.9% lower than a 12 months in the past. The common room worth on the Strip was $198.69 — 26.2% decrease than final February’s $269.37.
That is not all as a result of 2024 was a intercalary year and had an additional day in February.
The U.S. Chamber of Commerce estimated that the Tremendous Bowl’s presence made a $1 billion influence on town.
There have been a few components that should not go with out point out: resort room stock and conventions.
Final 12 months, The Mirage and Tropicana Las Vegas had been each open for enterprise. This 12 months, with the Tropicana only a reminiscence and The Mirage shuttered because it rebrands as a Exhausting Rock Worldwide property, the room depend was considerably larger — 8,864 rooms, by the LVCVA’s depend.
And conference attendance was considerably decrease this February, with 615,400 individuals on the town for firm occasions. That was 19.5% lower than attendance ranges in February 2024.
