Las Vegas resorts anticipate over 400k visitors for New Year Eve celebrations

Las Vegas resorts anticipate over 400k visitors for New Year Eve celebrations

As the countdown to the most awaited night of the year has begun, World-renowned casino hub Las Vegas is gearing up for an extraordinary celebration poised to draw in as many as 356,000 visitors. With locals joining the New year festivities in downtown Las Vegas and along The Strip, the total number of revelers is expected to surpass the mark of 400,000. As per the Las Vegas Convention & Visitors Authority (LVCVA), an estimated amount of $411.4 million individuals will spend over the long weekend in Las Vegas, resulting in a significant overall economic impact of $727 million.

Direct spending, representing money brought in by visitors, is expected to drive induced and indirect spending, which will likely create a strong economic ripple impact. The expected financial surge is attributed to the increase in hotel room occupancies, thanks to an increased capacity of 156,100 rooms, up 2.5 per cent from the previous year.

A recent survey on room rates revealed that rooms have been booked at an average rate of $261.76 per night for this New Year's Eve, with the most expensive accommodations reaching unprecedented levels. It is also worth-mentioning here that there are no accommodations available under $100 per night, while the most opulent stays at Red Rock Resort cost $603 per night. Opulent stays at Paris-Las Vegas, Bellagio, and Palms cost $532, $559, and $647 per night, respectively. The newly opened Fontainebleau Resort and Durango Resort have contributed to the swanky options, with the latter already being sold out.

The excitement will likely not end with New Year's Eve. The Consumer Electronics Show (CES) is set to kick off on 9th of January, paving the way for a series of notable events, including the Super Bowl at Allegiant Stadium on 11th of February. The influx of visitors for the upcoming events in the city is expected to commence as early as next month, amplifying the Sin City's energetic atmosphere.

Dubbed "More in '24," this New Year's Eve promises to offer bigger entertainment and fun than ever before. A spectacular firework show, featuring displays from several iconic rooftops, will light up the sky for around ten minutes.

A diverse musical lineup, including old-style tunes like "Auld Lang Syne" and modern-day hits from Pink, Aerosmith, and Bruno Mars, will keep the guests entertained. The festivity extends beyond The Strip to downtown Las Vegas, where the "NYE Time of Your Life Festival" at Fremont Street Experience promises live performances by renowned artists.

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