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Average Room Rate In Vegas: 98 Bucks

By Chuckmonster on Saturday, 13th August 2005 6:09pm
  » filed under Las Vegas  comments: 0

   

The average daily room rate in Las Vegas continues to soar, statistics compiled by the Las Vegas Convention and Visitors Authority say.

The June ADR climbed to $92.58, a 15.7 percent increase over the same month a year ago. It was the fifth straight month of double-digit increases. Over the first six months of 2005, the ADR is up 13.4 percent to $104.41.

With occupancy levels climbing and the city's room inventory up slightly, the increase in ADR has boosted room tax revenue substantially.

Room tax collection figures trail other statistics by a month. For the first five months of 2005, $85.8 million in tax revenue has been collected. In May, the city collected $18.4 million, a 22.3 percent increase over May 2004.




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