It’s official, just under 3.4 million people visited the Greater Las Vegas Valley in October, up 2.5 percent from the previous record for the month set all the way back in….2005! The record count in October increased visitation thus far in 2006 to a total of 32.7 million people, up 1.1 percent from the same point last year. The average daily room rate for October also increased by a whopping 28% over 2005 to $135 a night. This kind of data continues to make our case for the strong fundamentals of the Las Vegas economy. The foundation of the Las Vegas real estate market is quite simply, economic performance in Southern Nevada. We continue to outperform the national averages by a significant margin and Las Vegas homes continue to provide outstanding value.

This entry was posted by Michelle Sterling on Wednesday, December 20th, 2006 at 12:18 am and is filed under Business & The Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.