July 4 Weekend Room Rates In Las Vegas Now 50% Above Pre-Pandemic Levels
It's been a long road back for Las Vegas casinos since the pandemic hit last year. Next weekend could be a big weekend for Vegas.
Vegas Strip room rates are 50% above 2019 levels heading into the holiday weekend. Las Vegas flight searches are up 2% from two years ago. Last week's Las Las Nevada Strip credit card spending was 18% higher than 2019. Nevada reported more than $1 billion in gross gaming revenue for the month of April. Macau reported $ 1.31 billion GGR for May, a 24.3% month-over-month gain.
July 4 Weekend Room Rates In Las Vegas Now 50% Above Pre-Pandemic Levels. Bank of America has the following ratings and price targets on popular casino stocks: Las Las Sands Corp. (NYSE:LVS), Wynn Resorts Limited (NASDAQ:WYNN), Caesars Entertainment Inc (Nasdaq:CZR), MGM Resort International (NYSEMKT:MGM), and MGM International.
July 4 Weekend Room Rates In Las Vegas Now 50% Above Pre-Pandemic Levels. Investors will continue to monitor casino trends in Macau, Vegas and other regions of the U.S. to see if last year’s gambling bust turns into a rebound boom this summer.