HVS Report – Las Vegas Casino & Hotel Market Outlook 2021 – By Shannon S. Okada
The impact of the COVID-19 pandemic on the Las Vegas economy has been extremely harsh given the markets reliance on visitation and conventions. Following five consecutive years of accommodating more than 42 million visitors, Las Vegas hosted just over 19 million people in 2020 (the lowest number of visitors since 18.1 million in 1989). Continued weak performance is anticipated through the first half of 2021.