Strong Sales Activity at Midyear
- Hospitality sales perked up at midyear 2022
- Gaming revenue is strong, visitor volume improving
- Formula 1 racing is coming to Las Vegas
Southern Nevada’s hospitality occupancy increased to 83.3% in the second quarter of 2022 after averaging 77.3% in the fourth quarter of 2021. This is a welcome sign of recovery after the lockdowns of 2020. After two consecutive quarters without significant hospitality sales, midyear 2022 saw 4,216 units sold with a sales volume of $5.7 million.
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