Hotel Room Tax Revenues Continue To Rise

A Variety Of Factors Involved In Revenue Boost

Mitch Kelly
September 11, 2019 - 8:40 am

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LAS VEGAS, NV (KXNT) - Revenues from hotel room taxes continue to grow in Las Vegas, even though visitation numbers are down slightly from the record levels the city saw back in 2016.

Even though those visitor numbers are down a bit, there are a number of factors that have combined to actually generate more room tax revenue.

For one, there are more rooms coming online. Secondly, those room rates are a little bit more expensive. Lastly, occupancy rates are at near-record levels.

So far in 2019, only the month of March saw room tax revenue declines year to year.

Since last October, room tax collections are up almost 4.5% to $244 million.

The Las Vegas Convention and Visitors Authority expects big things for Las Vegas in 2020 as 5,000 new hotel rooms will be added to the existing inventory due to the completion of two new resorts (Resorts World and Circa). 

The Raiders also will begin to call Las Vegas home, with 8 regular and 2 pre-season games at Allegiant Stadium, and a busy 2020 convetion season on the books