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Las Vegas tourism spending impact at record high
Total economic output from visitor spending benefitted Las Vegas and Southern Nevada by a record $79.3 billion in 2022.
A new report from the Las Vegas Convention and Visitors Authority (LVCVA) revealed a 24.7% increase from the previous record in 2019.
The annual report outlines tourism industry and convention travel, including spending on rooms, dining, shopping, sports, local transportation and other activities.
Las Vegas demonstrated a strong rebound.
Visitor spending in Vegas hit an all-time high of $44.9 billion exceeding pre-pandemic levels.
Total spending by visitors in 2022 outpaced the prior year by 24.4%.
“We’re proud of this city and this industry and know that upcoming offerings will add to that success.” said Steve Hill, CEO and president of the LVCVA.
The report also notes that Southern Nevada’s tourism industry remained the largest regional employer in 2022.
It directly employs an estimated 229,440.
Overall spending increased dramatically due to a 33.4% rise in per-trip visitor spending compared with 2019.
The per-trip visitor spending total was at an all-time high of $1,156.
Learn more about : Las Vegas Visitors and Convention Authority ( N. America )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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