Economic Overview of Metropolitan Las Vegas
Economic Overview of Metropolitan Las Vegas
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Hotel Rooms
The room stock in Clark County grew by 8,412 in 2009 and declined by 6 rooms in 2010 for a total of 148,935 rooms. In 2011, we expect additional room growth of 0.7 percent to 149,935 rooms and then to decrease by 0.3 percent in 2012 for a total of 149,485 rooms by year end.
Population
According to population estimates made by the Nevada state demographer, the population in Clark County grew to 1,968,831 in 2010. This reflects a population increase of 0.9 percent over the 2009 estimate of 1,952,040. In 2011 we expect growth to continue by 0.5 percent and increase slightly to 1.0 percent in 2012. This will bring Clark County's population to 1,978,675 in 2011 and 1,998,462 in 2012.
Visitor Volume
Visitor volume grew by 2.7 percent in 2010 to 37,335,426 -- an increase of 983,957 visitors over the 2009 total of 36,351,469. In 2011, we expect visitor volume to increase at a rate of 3.8 percent to 38,754,172 visitors. In 2012, we expect the number of visitors to increase another 3.6 percent for a total visitor count of 40,149,322.
Gaming Revenue
Clark County gaming revenue for 2010 was $8,908.6 million. This reflects a 0.8 percent increase over the 2009 total of $8,838.3 million. In 2011, we expect gaming revenues to increase by 1.7 percent for a total of $9,057.9 million by year's end. In 2012, we expect to see another increase of 2.4 percent for a total "gaming win" of $9,274.6 million.
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