October 2015 Revenue and Visitation Numbers

October 2015 Las Vegas Gaming Revenue and Visitor Statistics have been released.

Las Vegas visitation was up again in October increasing +5.6% year over year. This translated into citywide occupancy up +3.7% with average room rates and revenue per available room increasing significantly (+11.7% and +16.3% respectively). Total room nights occupied were up +3.3%. October was a another strong month for convention attendance, which was up +12.6%.

Downtown continued its winning streak with strong occupancy (+7.7%), average daily rate (+11.1%), and revenue per available room (+21.7%) all trending upwards.

Air traffic was also up again in October, increasing +6.4% year over year.

Gaming revenue on the Strip was down -5.12%. Slots were flat while table games were down -10.22%. It seems as if gamblers were lucky in October as table game win percentages were lower than normal.

Downtown had a slow gaming month, down -6.5% overall. Weakness in slot machines (-12.43%) offset strength in table games (+7.21%) in October.

The up and down Las Vegas locals market was down this time, as the Boulder Strip was -6.55% in October while North Las Vegas was -3.96% year over year.

In conclusion, October was a really strong month for Las Vegas visitation, while gaming numbers were a little disappointing in part because of lower hold. The weak gaming numbers seem to reflect the fact that people are gambling less in Las Vegas, but it's kind of hard to tell with high end play and hold percentages skewing the numbers so much.