Las Vegas is gearing up for a massive influx of tourists as it prepares to ring in the New Year. The Las Vegas Convention and Visitors Authority projects that a whopping 356,000 visitors will be descending upon the city to celebrate. When you factor in the number of locals who will also be joining the festivities, the total number of revelers is expected to surpass 400,000.
The authority predicts that visitors will spend a staggering $411.4 million over the long weekend, contributing to an overall economic impact of $727 million. This includes both direct spending, where visitors bring money to the destination, as well as induced and indirect spending, which involves the circulation of money from the initial spending.
While room rates in Las Vegas are typically high, the official openings of Fontainebleau and Durango in December have increased room capacity, with nearly 156,100 rooms available in Southern Nevada. The average room rate for New Year’s Eve is $261.76 per night, with the most expensive rooms topping $600 per night.
Looking ahead to next year, the much-anticipated Consumer Electronics Show (CES) will kick off in January, followed by a series of other major trade shows. The city is also gearing up for the unprecedented arrival of the Super Bowl on February 11th.
The New Year’s Eve celebration is expected to be a grand affair, with a spectacular fireworks show, live music performances, and special events at locations across the city. Fremont Street Experience will host its own festival with live performances by popular artists.
To accommodate the influx of visitors, the Regional Transportation Commission of Southern Nevada is offering free rides on every transit route from 6 p.m. on December 31st to 9 a.m. on January 1st. This initiative aims to ensure that everyone can travel safely and enjoy the festivities without having to worry about transportation. In addition, there will be road closures and traffic restrictions to facilitate the event. Overall, Las Vegas is gearing up for a fantastic and memorable New Year’s celebration.