Las Vegas hotel rates fall as September occupancy slips

Las Vegas hotels recorded a decline in occupancy and room rates in September, even as the total number of visitors to the city remained nearly flat. The Las Vegas Convention and Visitors Authority released these figures in its September 2026 executive summary.

The data shows an estimated 3,097,200 visitors arrived in September, a 0.2% increase over the same month in 2025. Convention attendance rose 1.8% to 436,200. However, hotel occupancy dropped 0.5 percentage points to 78.1%. The average daily rate for a hotel room fell 6.3% to $178.63.

Revenue per available room, a key measure of hotel performance, decreased by 6.9% to $139.51. Total room nights occupied declined 0.3% to 3,529,500. The LVCVA noted that these figures come from a survey sample representing more than 75% of the local hotel inventory.

Performance varied by location. Strip hotels saw occupancy drop 1.2 percentage points to 80.1%, while Downtown occupancy fell 5.4 percentage points to 62.0%. The average daily rate on the Strip dropped 10.6% to $184.63. In Downtown, the rate fell 2.9% to $95.94.

For the first nine months of 2026, visitor volume reached 28,886,300, down 0.1% from the same period in 2025. Year-to-date convention attendance increased 9.6% to 4,968,200. Occupancy for the year stood at 80.1%, down 0.3 percentage points. The year-to-date average daily rate was $183.06, a 1.0% increase from 2025.