Las Vegas Casino and Hotel Market Outlook 2013

Las Vegas experienced year-over-year increases in the total number of visitors from 2010 to 2012, growing to over 39,700,000 in 2012; exceeding the previous record of nearly 39,200,000 in 2007. Clark County posted its third straight annual gaming revenue increase in 2012 as the industry continues its modest recovery helped by high-end baccarat play. The performance of the Las Vegas lodging market in 2012 also exhibited positive trends over 2011, including increases in the number of occupied room nights, average daily rate, and RevPAR.

About HVS

HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.