2019 Perspective Tourism

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2019 Perspective Tourism LAS VEGAS GLOBAL ECONOMIC ALLIANCE 2019 PERSPECTIVE TOURISM 4.7% 4.7K 4.7K 795 4.9% 884 4.7K 4.5K 0.8" 4.7% 872 894 29% 4.4% 3.5K 24% 13% 22% 5.0% 0.0" 4.7% 4.2K 0.2" 0.1" $ 820 904.9M 17% 19% 931 $ 3.8B 0.0" 4.4% 4.7K 0.0" 34% 5.1% 4.0K 3.6M $ $ 33% 3.7B 387.0K 752 .0K 3.6M 3.7M 3.6B 1 $ $ 839.0M 791.0M $ $ $ 388.5K 0.1" $ 825.3M $ 377.4K 400.0K 0.3" 260.0K $ $ 3.6B 888.3M $ 3.6M $ 3.6B $ 3.5M 259.9K $ 260.0K 389.0K $ 3.7B 3.9B $ $ $ 377.0K 265.0K $ 3.4K 3.5M $843.8M $ 3.7M 256.0K 28% 5.2% 265.0K $926.5M 4.4% $ $399.9K 31% $ 756.1M 0.2" 888.8M $ 3.7M 3.7B 843 3.0K $ $ 0.0" 359.6K$ 594 250.0K $265.0K JUN JUL $386.0K $3.2B AY AUG M S 3.5M $3.8B 3.1M PR ing Pric EP $265.0K $ s e 42% 892.0M $ $ A lo T 3.1K 365.6K 240.0K C ax O 4.5% R ian ab C $833.7M A d l T 0.2" edian e 901 1.5" e e M Cl 5.4% M o R $ 42% M m s 410.0K e o in e N 3.3K t N $ H g O E 3.3B B a 658 Y m ming R P V O E e T l a e i I l T F o G v $260.0K S I e r A 3.4M a S T s n ic G H D s S s R a 3.3M I u D $ A e o e 4.3B N G Vo r r l e l $ N u E T T I w M 239.9K R o m e I t N i C S e G A s N I U e P $ is I J E O S 358.2K N $ H 861.1M V C L M O E C L Y R C E O P L E M P O M M H O E E H N L U A W S E E N R POWERED BY: PERSPECTIVE COUNCIL 2019 LAS VEGAS PERSPECTIVE Tourism Tourism Overview 192 Las Vegas Visitor Volume & Convention Delegates 192 Clark County Gross Gaming Revenue 192 Number of Hotel/Motel Rooms 192 Hotel/Motel Occupancy Levels 192 15 Largest U.S. Hotels 192 Las Vegas Convention and Visitors Authority (LVCVA) 193 Visitors 194 Visitor Demographics 194 Visitor Profile 194 Airport Activity 195 McCarran International Airport Passenger Statistics 195 Top 10 U.S. Airports Scheduled Enplanements on U.S. Airlines and Foreign Airlines 195 Facilities 196 Las Vegas Hotel/Motel Facilities 196 Southern Nevada Hotel Facilities Outside the Las Vegas Valley 197 Conventions 199 Major Conventions 2019 199 Major Conventions 2020 200 Major Conventions 2021 200 Major Conventions 2022 200 Construction Recap 201 2018 Resorts & Attractions Construction Recap 201 Initiated and Proposed Projects 202 Hotel/Motel Resorts 202 2019 LAS VEGAS PERSPECTIVE Tourism Tourism Overview Las Vegas Visitor Volume & Convention Delegates NO. OF NO. OF CONVENTION VISITORS DELEGATES 7.25 YEAR (IN THOUSANDS) % CHANGE (IN THOUSANDS) % CHANGE 6.65M 2009 36,351 -3.0% 4,492 -23.9% 6.31M 6.50M 37,335 2.7% 4,473 -0.4% 2010 5.89M 2011 38,929 4.3% 4,865 8.8% 2012 39,727 2.1% 4,944 1.6% 5.19M 2013 39,668 -0.1% 5,107 3.3% 5.11M 2014 41,127 3.7% 5,194 1.7% 4.87M 4.94M 2015 42,312 2.9% 5,891 13.4% 4.49M 4.47M 2016 42,936 1.5% 6,311 7.1% 2017 42,214 -1.7% 6,646 5.3% 4.00 2018 42,117 -0.2% 6,501 -2.2% 09 10 11 12 13 14 15 16 17 18 Source: Las Vegas Convention and Visitors Authority. Clark County Gross Gaming Revenue YEAR REVENUE (IN MILLIONS) % CHANGE $10.25B 2009 $8,838 -9.8% $9.98B 2010 $8,909 0.8% Tourism Overview Tourism $9.68B $9.71B 2011 $9,223 3.5% $9.55B $9.62B $9.40B 2012 $9,400 1.9% $9.22B 2013 $9,676 2.9% $8.91B 2014 $9,554 -1.3% $8.84B 2015 $9,618 0.7% 2016 $9,714 1.0% 2017 $9,979 2.7% 2018 $10,251 2.7% 09 10 11 12 13 14 15 16 17 18 Source: Nevada Gaming Control Board. Number of Hotel/Motel Rooms 15 Largest U.S. Hotels YEAR ROOMS GROWTH RANK/HOTEL ROOMS 2014 150,544 0.0% 1 MGM Grand Hotel and Casino 4,968 2015 149,213 -0.9% 2 Luxor Hotel and Casino 4,400 2016 149,339 0.1% 3 The Venetian Resort Hotel Casino 4,027 2017 148,896 -0.3% 4 ARIA Resort & Casino 4,004 2018 149,158 0.2% 5 Excalibur Hotel and Casino 3,981 6 3,933 Source: Las Vegas Convention and Visitors Authority. Bellagio 7 Caesars Palace 3,794 8 Circus Circus Hotel, Casino and Theme Park 3,763 Hotel/Motel Occupancy Levels 9 Flamingo Las Vegas 3,460 2017 2018 CHANGE 10 Mandalay Bay Resort & Casino 3,211 Citywide 88.7% 88.2% -0.5 11 The Palazzo Resort - Hotel - Casino 3,066 Weekend 94.3% 94.5% 0.2 12 The Mirage Hotel & Casino 3,044 Midweek 86.2% 85.5% -0.7 13 The Cosmopolitan of Las Vegas 3,033 Strip 90.0% 89.5% -0.5 14 Westgate Las Vegas Resort & Casino 2,975 Downtown 83.0% 83.0% 0.0 15 Paris Las Vegas 2,916 Source: Las Vegas Convention and Visitors Authority. Source: Las Vegas Convention and Visitors Authority. Note: Figures include only hotel rooms (no timeshares are included). 192 Tourism » Tourism Overview 2019 LAS VEGAS PERSPECTIVE Tourism Las Vegas Convention and Visitors Authority (LVCVA) The Las Vegas Convention and Visitors Authority (LVCVA) is charged with marketing Southern Nevada as a tourism and convention destination worldwide, and also with operating the Las Vegas Convention Center. With nearly 150,000 hotel rooms in Las Established: 1955 Vegas alone and more than 11.5 million square feet of meeting and exhibit space Size: 2.2 million square feet of convention space citywide, the LVCVA’s mission centers on attracting ever increasing numbers of leisure and business visitors to the area. Leadership: The Las Vegas Convention Center (LVCC), located one block east of the Las Vegas › Larry Brown, Chairman, Strip, opened in 1959 and encompasses approximately 3.2 million square feet with LVCVA Board of Directors approximately 2 million square feet of exhibit space and more than 241,000 square › Steven Hill, CEO/President feet of meeting space. The facility, one of the most modern and functional centers in the world, is centrally located a short distance from 100,000 guest rooms. Annual Business Travelers to Las Vegas: 6.5 million (2018) In addition to exhibit and convention space, 144 meeting rooms handle seating capacities ranging from 20 to 2,500. A grand lobby and registration area (more than Biggest Tradeshows: 225,000 square feet) efficiently link exhibiting of multiple events. › International CES › Automotive Aftermarket Industry Week The LVCVA has just launched Phase 2 of the Las Vegas Convention Center District › National Association of Broadcasters (LVCCD), a major economic development project to expand and renovate the convention center. The 1.4-million-square-foot expansion will provide an additional › MAGIC 600,000 square feet of exhibit space and accompanying meeting rooms, public (LVCVA) and Visitors Authority Convention Las Vegas Website: lvcva.com areas, and service facilities. It will also provide a full renovation of the existing facility. This expansion will help Las Vegas maintain its status as the No. 1 trade show and convention destination for years to come. To learn more about the LVCVA and the Convention Center District, visit www.lvcva. com/convention-center-district. Tourism » Las Vegas Convention and Visitors Authority (LVCVA) 193 2019 LAS VEGAS PERSPECTIVE Tourism Visitors Visitor Demographics VISITOR PROFILE Age Education Household Income 21-29 20% High School or less 18% Less than $20,000 4% 30-39 23% Some College 24% $20,000-$39,999 6% 40-49 19% College Graduate 47% $40,000-$59,999 12% 50-59 14% Trade/Vocational School 10% $60,000-$79,999 19% 60-64 5% $80,000 or more 51% 65 + 19% No response 9% Trip Expenditures Per Vis i tor Employment Status AVERAGE AGE 45.1 Food and Drinks $314.96 Employed 68% Race/Ethnicity Shopping $154.60 Marital Status Unemployed 2% Accommodations $219.69 Student 4% White 77% Shows $49.84 Married 79% Retired 22% African American/Black 7% Single 16% Homemaker 5% Asian/Asian American 2% Location of Lodging Separated/Divorced 5% Hispanic/Latino 10% Strip Corridor 73% Widowed 1% Other 3% Downtown 5% Visitors Gender Boulder Strip 1% Other 21% Male 50% Female 50% Origin Transportation to Las Vegas Air 48% rn St 20% ste ate Automobile/Bus/RV 52% International Ea s Domestic 80% tern es Sta dw te 1 i s Eastern States 7% ern Sta M est te 7% Nights Stayed Southern States2 16% W s One 10% Midwestern States3 10% 10% 4% Two 17% Western States4 47% Three 28% California 23% Four 24% ern S Southern Ca.
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