TOURISM7 S 0 & 4 a T , L 7 a 5 E 895,700 Las Vegas, Perspective 9.5% 6 L 7 6 UNEMPLOYMENT 4 0 RATE 6
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INC PULATION REA PO DU SE RING U 20 NL % 13 2 V EN 7, 5 RO 8 . L 2 C LM 4 S 7 N EN 8 Y 062,2 3 T , 5 E 6 T E 3 NR , G 2 N O 6 A % EW N L I R COM S LM 2 G VE E C E 9 N A A RS N N I L RE T A .6 FR 3 V 3 I N 3 O , M E 3 L IO NR 9 U T OL F A LM 5 N E O S E ALIFO N L C R T R N M T A I U 4 U A S Q . 7 T E A O . o C 0 R C 0 0 9 E M 1 A P 9 FO 0 F G M IN R N O E T O T IN H 1 S S T E N O U E F C O 8 1 I C H G . R O S A 9 T R T N 7 I E 9 M V 0 E A 6 Y S R $ T S 3,086,745,000(ASSISTED BY LVGEA) S E NEW COMPANIES U N I D 26 S N I ANNUAL HOME SALES N 7 U 4 R EMPLOYMENT 5 T E E , W O B TOURISM7 S 0 & 4 A T , L 7 A 5 E 895,700 las vegas, perspective 9.5% 6 L 7 6 UNEMPLOYMENT 4 0 RATE 6 E M M IS E LU A R LUM VO P TOU VO R M A CO ITOR E L R M VIS G TE S A T M N O M V E 6 H O G M ER M SS O $ . E CI PA 8 R R N AL 7 N . E O $ M A 7 N T F A .6 RR 1 3 0 T M D F RK 9 CA E 4 9 5 M I ET 3 C 0 A C 4 M OC R AN E 5 ,5 7 C D M 7 TION 0 0 U KE A ,8 CONVEN 5 , 9 PA T RK 78 ATTENDANCE 1 0 NC 20 ET 5 2 Y 0 ,0 . % D VA ,2 0 EM CA 7 3 AN NC 0 S M 7 D IN Y R F 1 $ 6 3 DU ATE .1 , ,6 ST 25.7% 5 9 0 RIA TY 0 L M CLARK COUN ENUE ,7 S ARK G REV 24 F ET GROSS GAMIN Tourism Overview ................................................................. 148 Las Vegas Visitor Volume & Conventions Held 148 Clark County Gross Gaming Revenue 148 Hotels / Motels ...................................................................... 149 Number of Hotel / Motel Rooms 149 Hotel / Motel Occupancy Levels 149 15 Largest U.S. Hotels 149 Visitors ....................................................................................150 Visitor Demographics 150 Visitor Profile 150 Airport Activity ....................................................................... 151 McCarran International Airport Passenger Statistics 151 Top 10 U.S. Airports Scheduled Enplanements on U.S. Airlines 151 Facilities ................................................................................. 152 Las Vegas Hotel/Motel Facilities 152 Southern Nevada Hotel Facilities Outside the Las Vegas Valley 153 Conventions ........................................................................... 154 Major Conventions 2014 154 Major Conventions 2015 155 Major Conventions 2016 155 Locals Gaming Market ......................................................... 156 Monthly Gaming Budget 156 Purpose of Casino Visits 156 Frequency of Casino Visits 156 Construction Recap ............................................................ 157 Initiated and Proposed Projects .....................................158 10-tourism.indd 147 3/18/14 9:59 AM 2014 Las Vegas Perspective TOURISM Tourism Overview Las Vegas Visitor Volume & Conventions Held YEAR NO. OF VISITORS (000) % CHANGE NO. OF DELEGATES (000) % CHANGE NO. OF CONVENTIONS HELD % CHANGE 2004 37,389 5.2% 5,725 1.2% 22,286 -8.9% 2005 38,567 3.2% 6,166 7.7% 22,154 -0.6% 2006 38,915 0.9% 6,308 2.3% 23,825 7.5% 2007 39,197 0.7% 6,209 -1.6% 23,847 0.1% 2008 37,482 -4.4% 5,900 -5.0% 22,454 -5.8% 2009 36,351 -3.0% 4,492 -23.9% 19,394 -13.6% 2010 37,335 2.7% 4,473 -0.4% 18,004 -7.2% 2011 38,929 4.3% 4,865 8.8% 19,029 5.7% 2012 39,727 2.1% 4,944 1.6% 21,615 13.6% 2013 39,668 -0.1% 5,107 3.3% 22,027 1.9% Source: Las Vegas Convention and Visitors Authority. Clark County Gross Gaming Revenue YEAR REVENUE (IN MILLIONS) % CHANGE 2004 $8,712 11.2% 2005 $9,717 11.5% 2006 $10,644 9.5% 2007 $10,868 2.1% 2008 $9,797 -9.9% 2009 $8,838 -9.8% 2010 $8,909 0.8% 2011 $9,223 3.5% 2012 $9,400 1.9% 2013 $9,673 2.9% Source: Nevada Gaming Control Board. The 120’ tall Harmon Corner Retail Center, anchored by retail giant Walgreens, occupies the northeast corner of one of North America’s busiest pedestrian intersections with high-profile neighbors including The Cosmopolitan, Aria at City Center and Planet Hollywood. Photo by YESCO. Clark County Gross Gaming Revenue (in millions) $10,868 $10,644 $9,717 $9,797 $9,673 $9,223 $9,400 $8,712 $8,838 $8,909 tourism overview tourism '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 148 tourism » overview 10-tourism.indd 148 3/18/14 9:59 AM 2014 Las Vegas Perspective TOURISM Hotels / Motels Number of Hotel / Motel Rooms 15 Largest U.S. Hotels YEAR ROOMS GROWTH RANK/HOTEL ROOMS 2009 148,941 6.0% 1 MGM Grand 5,044 2010 148,935 0.0% 2 Luxor 4,400 2011 150,161 0.8% 3 Venetian Resort 4,027 2012 150,481 0.2% 4 ARIA Resort 4,004 2013 150,593 0.1% 5 Excalibur 3,991 6 Bellagio 3,933 Source: Las Vegas Convention and Visitors Authority. 7 Caesars Palace 3,776 8 Circus Circus 3,767 Hotel / Motel Occupancy Levels 9 Flamingo 3,460 2012 2013 CHANGE 10 Mandalay Bay 3,211 Hotel 87.4% 87.1% -0.3 11 Palazzo, The 3,066 Motel 58.0% 59.8% 1.8 12 Mirage 3,044 Weekend 90.8% 91.1% 0.3 13 Cosmopolitan, The 2,995 Midweek 81.6% 81.4% -0.2 14 Monte Carlo 2,992 TOTAL 84.4% 84.3% -0.1 15 LVH - Las Vegas Hotel 2,950 Source: Las Vegas Convention and Visitors Authority. Note: Figures Source: Las Vegas Convention and Visitors Authority. include only hotel rooms (no timeshares are included). hotels / motels hotels The Fountain view terrace bedroom at the Cosmopolitan offers panoramic views of the city and famous Bellagio fountains with a Las Vegas skyline. tourism » hotels / motels 149 10-tourism.indd 149 3/18/14 9:59 AM 2014 Las Vegas Perspective TOURISM Visitors Visitor Demographics Gender Age Employment Status Origin Male 50% 21-29 15% Employed 67% International 20% Female 50% 30-39 27% Unemployed 5% Domestic 80% 40-49 19% Student 2% Eastern States1 6% 50-59 15% Retired 20% Southern States2 12% 3 Marital Status 60-64 9% Homemaker 6% Midwestern States 10% 65 + 15% Western States4 52% Married 79% AVERAGE AGE 45.8 California 33% Southern California 26% Single 15% Race/Ethnicity Separated/Divorced 4% Northern California 7% Education Arizona 6% Widowed 2% White 73% Other Western States 13% High School or less 13% African American/Black 5% Some College 31% Asian/Asian American 12% Household Income College Graduate 51% Hispanic/Latino 8% Trade/Vocational School 5% Other 2% Less than $20,000 1% $20,000-$39,999 5% 1 Eastern States: Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, $40,000-$59,999 25% New York, Pennsylvania, Rhode Island, Vermont. $60,000-$79,999 28% 2 Southern States: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South $80,000 or More 35% Carolina, Tennessee, Texas, Virginia, West Virginia. No Response 6% 3 Midwestern States: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin. 4 Western States: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada (excl. Clark County), New Mexico, Oregon, Utah, Washington, Wyoming. Source: Las Vegas Convention and Visitors Authority. Visitor Profile Trip Expenditures Per Vis i tor Nights Stayed Transportation to Las Vegas Food and Drinks $278.95 One 7% Air 42% Shopping $140.90 Two 22% Automobile/Bus/RV 58% Accommodations $167.10 Three 33% Shows $38.45 Four 21% Gaming Five or More 16% Gaming Budget $529.57 Location of Lodging AVG. STAY (NIGHTS) 3.3 Percent that gambled 71% Strip Corridor 77% AVG. HOURS PER DAY 2.9 Downtown 5% Source: Las Vegas Convention and Boulder Strip 3% Visitors Authority. visitors Other 15% 150 tourism » visitors 10-tourism.indd 150 3/18/14 9:59 AM 2014 Las Vegas Perspective TOURISM Airport Activity More than ten taxi companies provide service to and from the airport and locations throughout Las Vegas. At Terminal 1 taxicabs are available on the east side of baggage claim and at Terminal 3 taxis are conveniently located outside on Level Zero. There are 20 taxi loading positions on the on the west end of the building to serve domestic travelers and 10 loading positions on the east side of the building to accommodate international travelers. McCarran International Airport Passenger Statistics Top 10 U.S. Airports Scheduled Enplanements on U.S. Airlines (000) Ranked by System* (Passenger numbers in millions) TOTAL 2013 RANK/AIRPORT 2013 ENPLANED PASSENGERS 2012 RANK 2012 ENPLANED PASSENGERS % CHANGE 2012-2013 2004 41,442 1 Atlanta 40.9 1 41.6 -1.6 2005 44,267 2 Chicago O'Hare 27.4 2 27.6 -0.6 2006 46,193 3 Dallas/Fort Worth 26.2 3 25.2 3.7 2007 47,728 4 Los Angeles 23.6 5 22.9 2.7 airport activity 2008 44,075 5 Denver 23.0 4 23.4 -1.8 2009 40,469 6 Charlotte 19.4 6 18.3 6.2 2010 39,757 7 Phoenix 17.5 7 17.6 -1.0 2011 41,480 8 San Francisco 17.2 8 17.1 0.7 2012 41,668 9 LAS VEGAS 17.0 9 17.0 -0.3 2013 41,857 10 Houston Bush 16.3 10 16.6 -1.8 Source: Clark County Department Source: Bureau of Transportation Statistics, T-100 Market.