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LAS VEGAS-Approximately 32.73 million people visited Las Vegas through the first 10 months of the year, up 1.1% from 2005, according to the latest data from the Las Vegas Convention and Visitors Bureau. Results through November will be released in the middle of January.
Visitor volume in October hit 3.38 million in October, up 2.5% from October 2005. Boosting the results was a 25% jump in the number of October conventions to 3,023, which resulted in a 55% jump in convention attendance to 493,000. Year-to-date, convention attendance stands at 5.56 million, 2.9% ahead of 2005.
The increased numbers of course boosted hotel numbers. October occupancy was 91.7%, 220 basis points higher than October 2005, and the daily average room rate was up 28.2% to $134.78 from $105.17 in October 2005.
The growth in visitors was not reflected in gambling revenue, Earlier this month, the state Gaming Control Board reported that October's gaming revenue of $1.063 billion was less than one half of 1% ahead of October 2005, due in part to gamblers' good luck at the baccarat tables. Slightly more than half of the state's gaming revenues are generated by casinos on the Las Vegas Strip, which saw gaming revenues decline more than 5% in October to $532.19 million.
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