The hotel occupancy rate in Las Vegas reached 83.5 percent in 2023. This figure reflects an increase over the previous year's total of 79.2 percent. In 2020, hotel occupancy was severely impacted by the coronavirus (COVID-19) pandemic. Tourism in Las Vegas With a population of more than one and a half million, the city of Las Vegas is the most populous in the state of Nevada. It is a well-known resort city with gambling, dining, shopping and nightlife being its main attractions and drawing millions of visitors each year from other parts of the United States and beyond. However, the growing cases of coronavirus infections caused enormous repercussions in the city’s tourism. In 2020, the number of visitors to Las Vegas dropped by as much as 55 percent from the previous year. Hotel occupancy and daily room rates also declined in that year. How did COVID-19 affect casino gaming? As with the lodging sector, the gambling industry was also severely affected by the pandemic. In order to control the spread of the virus, casinos and non-essential businesses were forced to close, causing a staggering drop in casino revenue. The win amount of casino poker games in Nevada fell by over 50 million U.S. dollars from 2019 to 2020.

In 2024, Las Vegas Sands property The Venetian in Macao had a room occupancy rate of 98.1 percent. Meanwhile, the Marina Bay Sands in Singapore had the highest occupancy rate amounting to 94.8 percent.

When looking at the leading hotel and resort chains by sales, as ranked by Forbes in its 2024 "Global 2000" list of the largest companies worldwide, Marriott International Inc. came out on top. The hotel chain generated around 24 billion U.S. dollars in sales in 2023. Meanwhile, second in the ranking was the gambling and resort chain MGM Resorts International with 16.67 billion U.S. dollars in sales. What are the most valuable hotel brands worldwide? When looking at the leading hotel brands worldwide by brand value, Hilton topped the ranking in 2023, with a brand value approaching 12 billion U.S. dollars. This was nearly double that of closest competitor, Hyatt. Meanwhile, the hotel and resort chain with the highest market value globally was Marriott International Inc. with a market value of nearly 54 billion U.S. dollars in 2023; Las Vegas Sands Corp. and Hilton Worldwide Holdings ranked second and third, respectively. Which regions have the highest hotel occupancy rates worldwide? In 2024, the global monthly hotel occupancy rate rose by four percent compared to the previous year. As of May 2024, Europe was the region with the highest monthly hotel occupancy rate worldwide, with an occupancy exceeding 70 percent. Although many travelers are choosing alternative lodging options like Airbnb, in summer 2024, hotels were still the preferred accommodation type among European travelers.