LV report details a year to forget
A new study by the Las Vegas Convention and Visitors Authority reports that visitor spending was down in 2009.
The authority's annual Visitor Profile Study, based on street interviews with 3,600 visitors, found:
• Average spending on food and drink per trip in 2009 was $250.32, down from $273.39 in 2008.
• Average spending on shopping per trip was $101.97, down from $121.90 in 2008.
• Eighty-three percent of visitors gambled in 2009, a five-year low and down from 85 percent in 2008, and the average gambling budget was $481.57, down from $531.98 in 2008 and well off the peak of $651.94 in 2006.
• Sixty-four percent of visitors attended shows in 2009, down from 72 percent in 2008. On a per-trip basis, visitors spent on average $39.87 for shows, down from $51.64 in 2008.
Separately, the LVCVA reported that the rack rate for a hotel room averaged $75.78 per day in 2009, down from $101.68 in 2008 and down from about $107-$109 in 2006 and 2007.