Las Vegas hotels are seeing the highest occupancy rates in a decade
- by admin
Hotel occupancy rates have spiked in Las Vegas since the first year of the Trump administration, according to a report from hotel occupancy research firm PricewaterhouseCoopers.
The surge in hotel occupancy, which has been linked to Trump’s economic policies, was first reported by the Los Angeles Times.
The occupancy rate for the city’s largest hotel in Las Angeles, the Sheraton Las Vegas, jumped from 8.7% to 9.2% last year.
The highest occupancy rate was at the Hilton Garden Inn, which saw occupancy rates reach 11.9%.
The report comes at a time when hotel occupancy in the United States has been on a decline since 2009.
According to the most recent data from the Bureau of Labor Statistics, the average occupancy rate of hotels nationwide has fallen from a high of 16.1% in 2009 to 11.6% in 2016.
Las Vegas’ hotel occupancy rates are still relatively high compared to other cities, with a median hotel occupancy rate in Las Pratically at 11.8% and the Las Vegas Hilton at 9.9% in 2017.
However, the city has seen a steady decline in hotel prices, according the report.
In 2017, hotel occupancy was $1,878 per night, up from $1.917 per night in 2016, according an analysis of the data by The Hill.
PwC said the recent uptick in hotel room rates in Las Venados hotels is the result of “the combination of an anticipated economic recovery and a reduction in regulatory burdens and other regulatory burdens imposed by the Trump Administration.”
Hotel occupancy rates have spiked in Las Vegas since the first year of the Trump administration, according to a report…