Latest
HVS Las Vegas Casino and Hotel Market Outlook 2024 - By Shannon S. Okada
Las Vegas continues to evolve, with billions of dollars being spent on the development of new world-class venues in recent years. In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row. This article examines the latest trends and developments that are relevant to the Las Vegas casino and hotel markets.
Industry Experts
HVS Las Vegas Casino and Hotel Market Outlook 2024 - By Shannon S. Okada
Las Vegas continues to evolve, with billions of dollars being spent on the development of new world-class venues in recent years. In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row. This article examines the latest trends and developments that are relevant to the Las Vegas casino and hotel markets.
Technology
Is Technology Bringing the Perfect Trip Nearer?
Steve Singh has been mulling the concept of the Perfect Trip in business travel for more than 10 years. The co-founder and former CEO of Concur, which sold to SAP in 2014 for $8.3 billion, believes a trip where a traveler's data is drawn from a single repository and can be shared across all travel suppliers to ensure a smooth and joined up journey is now more possible than ever.
Development
Destination by Hyatt to Make Its South American Debut in Paracas, Peru with The Legend Paracas Resort
Expected to join the Destination by Hyatt brand in June 2024, the hotel is currently undergoing a phased enhancement project to elevate guestrooms, offer new culinary options, and redesign public areas