HENDERSONVILLE, Tennessee—Las Vegas lodge common each day fee (ADR) is forecasted to achieve $573 for Feb. 9/11, 2024, which might be the best degree for any Tremendous Bowl weekend on document, based on STR.
The market is projected for a Friday by way of Sunday evening occupancy of 87.9 p.c. That degree mixed with an ADR of $573 would end in income per obtainable room (RevPAR) of $504. For comparability, the Formulation One Vegas Grand Prix that occurred in November 2023 produced an actualized ADR of $502, netting a RevPAR of $390 over the Thursday by way of Saturday interval.
“The Tremendous Bowl’s distinctive quantity of demand, pushed by not solely the sport however the leadup festivities, in addition to the sights Las Vegas has to supply, is the right recipe to drive record-breaking costs,” stated Chris Klauda, STR’s senior director of market insights. “Whereas the F1 Vegas Grand Prix impression was the best on and across the Las Vegas Strip, the attain and impression of Tremendous Bowl LVII will unfold to areas effectively past the Strip.”
Miami (2020) holds the document for the best Tremendous Bowl ADR and RevPAR degree. A distinction between the 2 locations is dimension, as Las Vegas, the most important market in the US (393 accommodations accounting for 172,707 rooms), is effectively over twice the scale of Miami when it comes to rooms stock.
