October has been an incredibly successful month for Las Vegas and the city noted a record high number of visitors. According to reports, a total of 3.87 million people traveled to the city of sin to either work or play.
These results are partly affected by the extra weekend in October compared to 2014. Also, there’s been a notable increase in convention attendance thanks to show rotations. Compared to last year, Las Vegas saw a 5.6% jump in visitors on y-o-y basis, revealed the Las Vegas Convention and Visitors Authority.
The report shows that there’s been a growth in the average daily room rate as well as in the revenue per room. The average price visitors had to pay for a room in Las Vegas was $135.62, which is an 11.7% jump. The average price per room on the Strip of $146.98 increased for 12% and this number is the highest since the authority started publishing reports in 2013. Another record high number was noted in the revenue per available room of $125.86; this is a 16.3% growth in comparison to October 2014.
A climb of 3.7% was also noted in the overall occupancy rate that reached 92.8%. The last time this number was better than the results in October was March, 2007. Weekend occupancy reached 95.7%, which is better than last year for 0.7%.
Convention attendance increased by 12.6% to 533,505 as well. This makes October the 4th best month of 2015 behind January, March and February. However, not all numbers were positive; Las Vegas noted a 13.9% drop to 2,652 in the number of conventions and meetings held. Additionally, Clark County gaming revenue fell for 4% too.
These impressive record high numbers were more or less expected after McCarran International Airport revealed two days ago that October was its best month ever with 4.1 million passengers, a growth of 5.7% y-o-y.