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A record number of tourists visited Southern Nevada last year and spent a record amount of money, according to a report by the Las Vegas Convention and Visitors Authority. Some 42.9 million people visited Southern Nevada last year, spending $35.5 billion — 16.3 percent more than in 2015 when they left behind $30.5 billion, Las Vegas visitors spent an average of $827, up from $721 in 2015.Convention attendees made up 14.7 percent of all visitors to Southern Nevada last year, up 7.1 percent from 2015.
Annual visitor spending is equal to about a third of Southern Nevada’s gross product — $35.5 billion, or 34.4 percent, of the gross product of $103.3 billion. Directly and indirectly, tourism supplied $59.6 billion, or 57.7 percent, of Southern Nevada’s gross product.
Visitor volume in the first four months of 2017 was 14.1 million visitors, just shy of the 14.3 million visitors to Las Vegas in the first four months of 2016. Gaming revenue, on the other hand, was stronger in 2017 than 2016, with $3.37 million in the first four months of 2017 compared to $3.22 million in the first four months of 2016. The average daily room rate (ADR) and revenue per available room (RevPAR) were also up year-over-year. Room inventory did not increase in any meaningful way so far in 2017, and it should remain stable for the remainder of the year.