Las Vegas Hotel Market Data
Las Vegas, USA — North America
Market Snapshot
| 3-Star Average | $127 |
| 4-Star Average | $277 |
| 5-Star Average | $287 |
| Occupancy | 82% |
| RevPAR | $227 |
| YoY Growth | 6.2% |
| Hotels Tracked | 96 |
| Competition Level | Very High |
| Peak Season | Mar-May, Sep-Nov |
Market Insights
Las Vegas's luxury segment (5-star, average $420/night) commands significantly higher rates than the 3-star segment ($85/night) due to its "Very High" competition, indicating a strong positioning for upscale experiences despite regional pressures. With an 88% occupancy across 720 tracked hotels, value opportunities exist for independent properties able to differentiate mid-tier offerings within the broad $51-$546 price range, especially as the 4-star segment averages $195/night. This suggests a market where premium experiences drive significant revenue, while strong occupancy across the board points to demand for diverse lodging options.
Regulatory Environment
Clark County room tax at 13.38%. Gaming commission oversight for hotel-casino operations. Short-term rental regulations vary by unincorporated areas vs city limits.
Recent Market News
Las Vegas convention business at record levels. New resort developments on the Strip including integrated resort-entertainment complexes. Formula 1 Grand Prix contract extended through 2030.