consumer, and Las Vegas is the entertainment capital of the U.S.,” DeCree said. “There is significant pent-up demand for entertainment from the U.S. Union Gaming analyst John DeCree told the Review-Journal he thinks the industry will recover “quicker and stronger than expected.” “While we thought it was because of Spring Break &March Madness, numerous market participants told us their bookings were stronger than current occupancy, booking windows were expanding and continued to build,” the note said. The report noted that the market was busy “even midweek.” Midweek occupancy rates are 50 to 60 percent, a major improvement from 30 percent in February. Las Vegas occupancy rates are hovering around 95 percent on the weekends, according to a Monday report from Morgan Stanley. Various shows have returned to the stage, occupancy limits on casino floors are back to 50 percent and the Strip is seeing much larger crowds.

The signs of recovery aren’t hard to spot.

But March appears to really be seeing strength in Vegas, as well as across the country, at least anecdotally from companies,” according to Barry Jonas, an analyst with Truist Securities. Various gaming experts say they are bullish on a speedy recovery in Las Vegas. (Benjamin Hager/Las Vegas Review-Journal) expected Las Vegas would recover, but not this quickly.Ī number of positive trends have emerged in recent weeks, with analysts reporting that resort foot traffic and occupancy rates are quickly closing in on pre-pandemic levels. The Strip is packed outside Paris Las Vegas on Friday, March 19, 2021, in Las Vegas.

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