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2021 Q2 Las Vegas Hospitality Market Research Report

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New Life on the Las Vegas Strip

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  • Las Vegas hospitality is now fully opened
  • Room occupancy reached 71% in May 2021
  • Property sales dip after a major Q1

One year after the closure of Las Vegas hospitality in April 2020, Southern Nevada’s hospitality market has made serious progress in recovery. Data points that receded slightly a quarter ago pushed ahead, perhaps most importantly room occupancy. Conventions returned in June, and this should further bolster the post pandemic recovery.

 

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2021 Q2 Las Vegas Hospitality Market Research Report

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Related Experts

John Stater

Research Manager

Las Vegas

John has managed the research and GIS (Geographic Information Services) departments at Colliers’ Las Vegas office for more than two decades. During that time he has been collecting, analyzing and reporting on the commercial real estate market of Las Vegas, NV, building the research department at Colliers International's Las Vegas from the ground up, establishing a database of properties, availabilities and lease and sales comps with over 20,000 records covering the industrial, office, retail, land, multifamily, hospitality, medical office markets, as well as Southern Nevada's economy in general. He also writes for the Vegas CRE Insider blog. As his office's GIS manager, he produces local, regional and national maps.

In his spare time, John writes, designs and publishes games and does freelance work in the game industry and economic research.

 

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Aaron West

Managing Director

Las Vegas

Colliers in Las Vegas is a full-service commercial real estate firm, providing integrated services to clients locally and globally.  As Managing Director, Aaron West manages brokerage operations and service lines in Las Vegas with a key focus on new business development, talent recruitment and retention.

Aaron and his  team provide best in class service and results to their clients, including owners, occupiers, investors and developers.  The team accomplishes this through dedication to the constant pursuit of improvement, and by creating unsurpassed intellectual capital within the market.

With more than 10 years of leadership experience in business development and lead generation, he brings a robust skillset and comprehensive industry knowledge to Colliers including technology delivery, platform optimization, marketing and research, labor market intelligence, leasing solutions, and transaction reporting systems.

Prior to joining Colliers, Aaron  served as a Vice President for CBRE where he was a leader on one of the firm's top producing multi-market brokerage teams, representing both national and international corporate clients.

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