News from
HVS Las Vegas Casino and Hotel Market Outlook 2024 & By Shannon S. Okada
2024-04-17 20:53:32| Hotel Resource
Las Vegas continues to evolve, with billions of dollars being spent on the development of new world&class venues in recent years. In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the markets ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row. This article examines the latest trends and developments that are relevant to the Las Vegas casino and hotel markets.
Category:
Hospitality
LATEST NEWS
UN General Assembly Hosts Tourism for Sustainable Development Event
2024-04-17 18:54:43| Hotel Resource
The United Nations General Assembly has held a second thematic event focused on tourism and the sector?s critical role in critical role of tourism in advancing sustainable development and resilience.
Category:
Hospitality
ForwardKeys Reports Outbound Chinese Travel Accelerating Towards Pre&Pandemic Levels
2024-04-17 18:54:43| Hotel Resource
In the first quarter of 2024, the number of issued flight tickets have shown a steady increase, currently reaching just 32% under Q1 2019 levels. As of April 3, bookings for the upcoming May holiday are only 13% down when compared to the same period in 2019.
Category:
Hospitality