Latest news with #hoteloccupancy
Yahoo
5 days ago
- Business
- Yahoo
The real reasons Las Vegas is losing visitors
Las Vegas is experiencing a notable downturn in tourism, with hotel occupancy, visitor numbers and spending all slipping. Industry data points to several key reasons behind the shift, including rising costs, fewer international travellers, and broader economic uncertainties. Drop in international visitors and hotel occupancy According to the Las Vegas Convention and Visitors Authority, hotel occupancy dropped to just 66.7% in early July—a sharp fall from the previous year—and international visitor numbers plunged by more than 13% in June alone. Domestic arrivals also fell by around 6.5%, and traffic through Harry Reid International Airport declined nearly 4% overall. Soaring prices and hidden resort fees Tourists are increasingly deterred by the high cost of visiting. Reports highlight eye-watering prices such as $33 bagels and $26 bottles of water, onerous parking and resort fees, and surprise charges for early check-ins and basic amenities. One visitor remarked people felt they were 'getting taken for a ride' as nickel-and-dimed pricing became widespread. Economic anxiety and geopolitical factors Rising inflation, economic instability and geopolitical tensions are impacting consumer confidence. Experts link this to what's been dubbed the 'Trump slump' in tourism, marked by tariffs, strained international relations, and increased visa fees for visitors to the US. Senator Jacky Rosen also warned of an 8% drop in international visits, partially blamed on travel deterrents like aggressive immigration policies. Why is travel to Las Vegas dropping? The slide in Las Vegas tourism is tied to multiple factors. The sharp decrease in overseas visitors—who typically stay longer and spend more—is a major blow. Convention traffic remains strong, up about 10%, but leisure travel has softened, with weekday hotel occupancy dipping below trend. This suggests that while business visitors help, they can't fully compensate for falling vacation travel. How pricing is pushing visitors away As Las Vegas pivots towards a luxury model with high-end entertainment and premium resort offerings, many mid-range travellers are being left behind. Massive mark-ups on everyday items and hidden fees have led to visitor backlash. One analyst called it a 'gouge,' resonating with comments from tourists fed up with resort extractions before even entering the casino floor. Economic headwinds and policy hurdles Beyond prices, macroeconomic concerns are curbing travel budgets. Economists forecast a slow contraction in gaming revenue as discretionary income tightens. Meanwhile, visa integrity fees of $250 for non‑visa waiver visitors and global travel restrictions have discouraged inbound tourism. Ultimately, Las Vegas is at a crossroads. The iconic city is losing some of its broad appeal due to high costs and international travel hurdles. Without adjustments to pricing strategies and efforts to re–engage mid‑market and overseas visitors, the decline in tourism could deepen—even if larger-scale conventions remain robust. "The real reasons Las Vegas is losing visitors" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
03-07-2025
- Business
- Zawya
Hotel occupancy in Saudi Arabia rises to 63% as tourism workforce tops 983,000 in Q1 2025
RIYADH — Saudi Arabia's hotel room occupancy rate rose to 63% in the first quarter of 2025, up 2.1 percentage points from the same period in 2024, according to the Tourism Establishments Statistics Publication released by the General Authority for Statistics (GASTAT). In contrast, the occupancy rate for serviced apartments and other hospitality facilities dropped to 50.7%, down 3.8 percentage points compared to Q1 2024. The report also showed a mixed trend in room pricing. The average daily room rate in hotels fell by 3.4% year-on-year, reaching SR477, while serviced apartments and similar facilities saw an increase of 7.2%, bringing the average rate to SR209. Regarding guest behavior, the average length of stay in hotels during the fourth quarter of 2024 remained unchanged at 4.1 nights. However, the average stay in serviced apartments and other hospitality facilities decreased by 4.5% to 2.1 nights. Tourism employment saw a notable uptick, with 983,253 individuals working in tourism-related activities during Q1 of 2025, reflecting a 4.1% increase compared to the same quarter last year. Of the total, 243,369 were Saudi nationals, representing 24.8% of the workforce, while non-Saudis made up the remaining 75.2% with 739,884 employees. Men accounted for 86.8% of all workers in the tourism sector, totaling 853,852, while women represented 13.2% or 129,401 employees. The tourism sector comprised 5.4% of the total national workforce in Q1 of 2025, a slight decrease of 0.3 percentage points compared to Q1 of 2024. In the private sector, tourism employees made up 8.1% of the workforce, down 0.6 percentage points year-on-year. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arab News
03-07-2025
- Business
- Arab News
Saudi hotel occupancy rises to 63% in Q1 2025
JEDDAH: Saudi Arabia's hotel occupancy rate rose to 63 percent in the first quarter of 2025, up from 60.9 percent a year earlier, driven by seasonal events, pilgrimage traffic, and growing leisure tourism. The occupancy rate for serviced apartments and other hospitality facilities fell to 50.7 percent during the same period, marking a decline of 3.8 percentage points compared to the first quarter of 2024, according to recent data from the General Authority for Statistics. GASTAT's tourism establishments statistics also showed that the average daily room rate in hotels stood at SR477 ($127.2), reflecting a year-on-year decrease of 3.4 percent. Meanwhile, the average daily rate in serviced apartments and other hospitality facilities increased by 7.2 percent to SR209 during the same period. The Kingdom has set ambitious tourism targets under its Vision 2030 agenda, aiming to attract 150 million visitors annually by the end of the decade. #GASTAT publishes Tourism Establishment Statistics for Q1 2025 — الهيئة العامة للإحصاء (@Stats_Saudi) July 3, 2025 Tourism is central to the nation's broader strategy to diversify its economy beyond oil and is positioned as a vital contributor to the gross domestic product. To drive this transformation, Saudi Arabia plans to invest over $1 trillion in new attractions and infrastructure projects, including the Red Sea initiative and NEOM, a $500 billion megacity. According to GASTAT, the average length of stay for hotel guests was approximately 4.1 nights during the first quarter of 2025, consistent with the same period in 2024. 'On the other hand, the average length of stay for guests in serviced apartments and other hospitality facilities was approximately 2.1 nights during Q1 of 2025, reflecting a decrease of 4.5 percent compared to the corresponding quarter of 2024, which was 2.2 nights,' the analysis added. Regarding employment in the tourism sector, GASTAT reported notable growth, with the total number of workers in tourism-related activities reaching 983,253 during the first quarter of 2025, up 4.1 percent from the same period last year. 'The number of Saudi employees reached 243,369, with a participation rate of 24.8 percent. Meanwhile, the number of non-Saudi employees reached 739,884, representing a participation rate of 75.2 percent of the total employees in tourism activities,' the report said. The study further indicated that, in terms of gender distribution, male employees in tourism activities totaled 853,852, accounting for 86.8 percent of the workforce, while female employees numbered 129,401, representing 13.2 percent during the first quarter of 2025. It also revealed that workers in the tourism sector constituted 5.4 percent of total national employment, marking a decline of 0.3 percentage points compared to the first quarter of 2024. Within the private sector, tourism accounted for 8.1 percent of jobs, a decrease of 0.6 percentage points from 8.7 percent in the same quarter of the previous year. Highlighting its calculation methodology, GASTAT said the tourism establishments statistics for Q1 2025 are compiled from multiple sources to provide comprehensive insights into tourism activities in Saudi Arabia. These sources include administrative records, statistical surveys, and secondary data. The Kingdom's tourism sector continued to demonstrate strong performance in the first quarter of 2025, reflecting the country's accelerating efforts under its Vision 2030 agenda to diversify the economy and reduce reliance on oil revenues. As the nation expands its hospitality infrastructure and boosts its global appeal, recent data reveals promising trends in visitor spending, hotel occupancy, and employment within the tourism industry. In the first three months of 2025, international tourists spent SR49.37 billion in the Kingdom, a 10 percent increase compared to the same period last year, according to figures released by the Saudi Central Bank, also known as SAMA. This rise contributed to boosting the travel account surplus to SR26.78 billion, marking an 11.7 percent year-on-year increase and underscoring tourism's growing contribution to the non-oil economy. Saudi Arabia's hotel sector recorded a solid performance in the first quarter of 2025, supported by a steady rise in both domestic and international tourism, according to the latest report by global real estate consultancy JLL. The report showed that the Kingdom welcomed approximately 21.6 million international tourists in the first nine months of 2024, while domestic travel surged to 63.9 million, with leisure being the primary motivator for trips. It added that religious pilgrimage continued to drive international arrivals, reinforcing the country's unique position as a spiritual destination. The JLL study said that while the nationwide hotel market saw growth in key performance metrics, such as a 10.8 percent increase in average daily rates and a 1.3 percentage point rise in occupancy, performance diverged across cities. JLL noted that Makkah and Madinah posted robust gains, while Riyadh experienced declines in both occupancy and room rates. Jeddah, meanwhile, showed mixed results.
Zawya
01-07-2025
- Business
- Zawya
Tourism remains 'strong contributor' to Qatar's economic activity; Q1 registers 1.5mln visitors
Qatar's hotels achieved an estimated occupancy rate of 71% in Q1-2025, ValuStrat said in its latest country report. PICTURE: Shaji Kayamkulam Tourism remained a 'strong contributor' to Qatar's economic activity, with 1.5mn visitors recorded — primarily from the GCC in the first quarter (Q1) of the year, according to researcher ValuStrat. Qatar's hotels achieved an estimated occupancy rate of 71% in Q1-2025, ValuStrat said in its latest country report. The total hospitality stock estimated by Qatar Tourism was 40,787 keys, according to ValuStrat. Some 68% of the total stock comprised 4- to 5-star hotels, whereas 7.7% was classified within the 1-star to 3-star category, while the remaining 24.3% consisted of hotel apartments. The report noted that an estimated 845 hotel keys are set to enter the market in 2025, majorly concentrated in the four and 5-star segments. Travellers from GCC nations accounted for 36% of the total 1.5mn visitors in the first quarter of the year, it said. 'A mix of Eid celebrations, jewellery showcases, desert and food festivals, cruise arrivals, and various MICE activities drew over 1mn visitors during Q1,' ValuStrat noted. For Q1, 2025, the Average Daily Rate (ADR) was QR445, a drop of 6.4% YoY. Whilst the Revenue Per Available Room (RevPAR) was QR317, declining 10.7% from Q1 last year, the ADR for 5-star hotels was QR522. The ADR for 3- and 4-star hotels was QR175 and QR220 respectively, it said. In Q1, 2025, the Government of Qatar prioritised real estate and tourism, implementing new policies to enhance investment opportunities and streamline regulations, reinforcing its commitment to economic expansion, ValuStrat noted. Anum Hassan, Head of Research (Qatar) at ValuStrat said: 'The first quarter of 2025 reflected a broadly stable real estate landscape in Qatar, with most sectors experiencing either consolidation or modest downward adjustments.' The ValuStrat Price Index (VPI)-Residential Capital Values held firm at 96.5 points, benchmarked against a base of 100 set in Q1, 2021. Both apartment and villa indices recorded no significant movement, maintaining levels of 98.7 and 96 points respectively on a quarterly and annual basis, she said. Retail leasing values 'held steady' over the period, while the industrial segment showed encouraging signs of growth, Hassan said. Rents for ambient and cold storage facilities rose by 2.8% and 3.6% respectively. Additionally, recent ministerial directives streamlining business set-up processes for foreign investors have resulted in a notable increase in commercial activity. 'In the months ahead, we anticipate further seasonal adjustments, particularly during the summer period, as the market continues to demonstrate resilience while adapting to evolving dynamics,' Anum Hassan added. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
20-06-2025
- Business
- Zawya
Hotel occupancy in Jordan drops ‘sharply' amid regional tensions — JHA
AMMAN — Hotel occupancy rates across several Jordanian areas have declined during the third week of June 2025, reflecting negative indicators for the current tourism season, according to data issued by the Jordan Hotels Association (JHA) on Thursday. In Amman, hotel occupancy dropped by 16 per cent compared to the previous week, with rates ranging between 42 and 28 per cent at most establishments, Al Mamlaka TV reported. Five-star hotels in the capital recorded the highest occupancy rate at 42 per cent, followed by four-star hotels at 31 per cent and three-star hotels at 28 per cent. The association attributed the decline to ongoing regional tensions and escalations, which have negatively impacted tourist activity and hotel occupancy, particularly in Amman, which typically receives visitors from diverse nationalities. In the Dead Sea area, occupancy fell by 22 per cent compared to the previous week, with five-star hotels recording a rate of 25 per cent and four-star hotels at 18 per cent. The JHA noted that Petra is among the 'hardest-hit' areas due to its heavy reliance on European and international tourism. Cancellation rates in the rose-red city have reached nearly 95 per cent, with the remaining bookings primarily made by tourists who had entered Jordan prior to the latest crisis. No new tour groups have arrived since the escalation began, the JHA reported. Five-star hotels in Petra reported an occupancy rate of just 9 per cent, while both four-star and three-star hotels recorded rates of 3 per cent. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
