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TOURISM 2020 LAS VEGAS PERSPECTIVE Tourism

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TOURISM 2020 LAS VEGAS PERSPECTIVE Tourism LAS VEGAS GLOBAL ECONOMIC ALLIANCE LAS VEGAS 2020 PERSPECTIVE TOURISM 2020 LAS VEGAS PERSPECTIVE Tourism Tourism Overview 192 Las Vegas Area 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 Construction Recap 198 2019 Resorts & Attractions Construction Recap ................. 198 2020 LAS VEGAS PERSPECTIVE Tourism Tourism Overview Las Vegas Area Visitor Volume & Convention Delegates No. of 7.25 No. of Convention 6.65M 6.65M Visitors Delegates 6.50M Year (in Thousands) % Change (in Thousands) % Change 6.31M 2010 37,335 2.7% 4,473 -0.4% 5.89M 2011 38,929 4.3% 4,865 8.8% 2012 39,727 2.1% 4,944 1.6% 5.20M 2013 39,668 -0.1% 5,107 3.3% 5.11M 2014 41,127 3.7% 5,195 1.7% 4.87M 4.94M 2015 42,312 2.9% 5,891 13.4% 4.47M 2016 42,936 1.5% 6,312 7.1% 2017 42,214 -1.7% 6,646 5.3% 2018 42,117 -0.2% 6,502 -2.2%4.00 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 2019 42,524 1.0% 6,649 2.3% Source: Las Vegas Convention and Visitors Authority. Clark County Gross Gaming Revenue Year Revenue (in Millions) % Change $10.36B $10.25B 2010 $8,909 0.8% $9.98B 2011 $9,223 3.5% $9.68B $9.71B 2012 $9,400 1.9% $9.55B $9.62B Tourism Overview Tourism 2013 $9,676 2.9% $9.40B $9.22B 2014 $9,554 -1.3% $8.91B 2015 $9,618 0.7% 2016 $9,714 1.0% 2017 $9,978 2.7% 2018 $10,251 2.7% 2019 $10,356 1.0% '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 Source: Nevada Gaming Control Board. Number of Hotel/Motel Rooms 15 Largest U.S. Hotels Year Rooms Growth Rank/Hotel Rooms 2015 149,213 -0.9% 1 MGM Grand Hotel and Casino 4,968 2016 149,339 0.1% 2 Luxor Hotel and Casino 4,400 2017 148,896 -0.3% 3 The Venetian Resort Hotel Casino 4,027 2018 149,158 0.2% 4 ARIA Resort & Casino 4,004 2019 150,259 0.7% 5 Excalibur Hotel and Casino 3,981 6 Bellagio 3,933 Source: Las Vegas Convention and Visitors Authority. 7 Caesars Palace 3,794 8 Circus Circus Hotel, Casino and Theme Park 3,763 Hotel/Motel Occupancy Levels 9 Flamingo Las Vegas 3,446 2018 2019 Change 10 Mandalay Bay Resort & Casino 3,211 Total 88.2% 88.9% 0.7 11 The Palazzo Resort - Hotel - Casino 3,066 Midweek 85.5% 86.3% 0.8 12 The Mirage Hotel & Casino 3,044 Strip 89.5% 90.4% 0.9 13 The Cosmopolitan of Las Vegas 3,033 Downtown 83.0% 84.0% 1.0 14 Westgate Las Vegas Resort & Casino 2,975 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 2020 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 Established: 1955 Las Vegas alone and more than 12 million square feet of meeting and exhibit space citywide, the LVCVA’s mission centers on attracting ever increasing numbers of leisure Size: 2.2 million square feet of convention space 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 2.2 million square feet of convention space. The facility, one of the › Steven Hill, CEO/President 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: 6.6 million (2019) In addition to exhibit and convention space, 145 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. › CES The LVCVA has just launched Phase 2 of the Las Vegas Convention Center expansion, › SEMA a major economic development project to expand and renovate the convention center. › CONEXPO-CON/AGG The 1.4-million-square-foot expansion will provide an additional 600,000 square › MAGIC feet of exhibit space and accompanying meeting rooms, public areas, and service Overview Tourism › facilities. It will also provide a full renovation of the existing facility. This expansion NAB Show will help Las Vegas maintain its status as the No. 1 Trade Show and Convention Website: lvcva.com Destination for years to come. Tourism » Tourism Overview 193 2020 LAS VEGAS PERSPECTIVE Tourism Visitors Visitor Demographics Visitor Household Profile Age Education Income 21-29 16% High School or Less 17% Less Than $20,000 6% Some College 21% $20,000-$39,999 9% 30-39 21% Trip Expenditures 40-49 22% College Graduate 51% $40,000-$59,999 13% 50-59 16% Trade/Vocational School 12% $60,000-$79,999 15% Per Vis i tor 60-64 5% $80,000 or More 40% Food and Drinks $410.74 65 + 19% Employment No Response 17% Shopping $187.48 Average Age 46.2 Accommodations $219.51 Status Shows $51.68 Employed 69% Race/Ethnicity Unemployed 2% Location of Lodging Marital Status Student 4% White 77% Strip Corridor 74% Married 73% Retired 21% African American/Black 9% Downtown 6% Single 20% Homemaker 5% Asian/Asian American 3% Boulder Strip 2% Separated/Divorced 5% Hispanic/Latino 11% Other 18% Widowed 2% Other 0% Visitors Gender Transportation to Las Vegas Male 51% Female 49% Air 49% Automobile/Bus/RV 51% Origin Nights Stayed ern Sta International 14% st te a s Domestic 86% E One 14% estern S 1 ta Two 15% w t Eastern States 10% n S id e ter ta s 10% 2 s te M Three 26% e s Southern States 17% W Midwestern States3 12% 12 Four 22% Western States4 47% 47% Five or More 22% California 21% Avg. Stay (nights) 3.4 Southern Ca. 18% rn the Sta u te Gaming Northern Ca. 3% o s S Arizona 9% Gaming Budget $591.06 natio ter na Other Western States 16% In l 17% % That Gambled 81% Avg. hours per day 2.7 14 Source: Las Vegas Convention and Visitors Authority. 1 Eastern States: Connecticut, Delaware, District of Columbia, Maine, Maryland, 3 Midwestern States: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin. Vermont. 4 Western States: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada 2 Southern States: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, (excl. Clark County), New Mexico, Oregon, Utah, Washington, Wyoming. North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia. 194 Tourism » Visitors 2020 LAS VEGAS PERSPECTIVE Tourism Airport Activity McCarran International Airport Top 10 U.S. Airports Scheduled Enplanements Passenger Statistics on U.S. Airlines and Foreign Airlines1 Ranked by System Year-to-Date (Passenger Numbers in Millions) 49.6M 47.4M 51.5M 2019 2018 41.7M 42.9M 48.4M Enplaned 2018 Enplaned % Change 39.8M 45.3M 2019 Rank/Airport Passengers Rank Passengers 2018-2019 41.5M 41.9M 1 Atlanta 53.5 1 51.8 3.2% 2 Los Angeles 42.9 2 42.7 0.4% '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 3 Chicago O'Hare 40.9 3 39.9 2.4% Total (in Thousands) 4 Dallas/Fort Worth 35.8 4 32.8 9.1% 2010 39,757,359 2011 41,481,204 5 Denver 33.6 5 31.3 7.1% 2012 41,667,596 6 New York JFK 31.0 6 30.6 1.5% 2013 41,857,059 2014 42,885,350 7 San Francisco 27.7 7 27.8 -0.5% Airport Activity 2015 45,318,788 2016 47,368,219 8 Seattle 25.0 8 24.0 4.0% 2017 48,430,118 9 Orlando 24.6 10 23.2 6.0% 2018 49,646,118 2019 51,537,638 10 Las Vegas 24.4 9 23.6 3.3% Source: Clark County Department of Aviation (enplaned and Source: Bureau of Transportation Statistics, T-100 Market. Note: Percentage changes based on numbers deplaned passengers). prior to rounding. As of year-end 2019. 1System equals domestic plus international. McCarran Airport Connection Travel Experience In your opinion, which is the best option to improve the Please rank which airport provides the connection between McCarran Airport and the Las Vegas Strip? best overall travel experience: Community LAS Survey Las Vegas - McCarran 37.3% 1 International Airport (1.97) xtend the monorail PHX Phoenix Sky Harbor 22.6% 2 International Airport (3.55) reation o liht rail system LAX Los Angeles International 3 Airport (3.58) 14.6% DEN Improve existin roadways Denver International Airport 4 (3.60) ORD 14.6% Chicago - O’Hare nhance stain areas or ber and yt 5 International Airport (4.07) at carran ATL Hartsfield - Jackson Atlanta 11.0% 6 International Airport (4.23) Provide convenient bus service between Note: 1 is best experience, 6 is worst experience.
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