Vegas gaming revenue, room rates drop in Jan.

Gaming revenue and visitor volume were down across the board in Las Vegas in January, according to the latest numbers from the Las Vegas Convention and Visitors Authority.

January visitor volume dropped 0.6% from a year ago, to 3.1 million, the largest decline in visitor volume in 12 months.

Total convention attendance was 677,978 for the month, the weakest start of the year for convention numbers since January 2002, just after 9/11.

January occupancy levels dropped by 0.5% year-over-year. Gaming revenue for Clark County, home to Las Vegas,  was down 4.1%. The total number of passengers passing through Las Vegas' McCarran Airport dropped by 2.8% in January, from 3.6 million to 3.5 million, on the heels of a 3.2% drop in December and 2.5% decline in November, the first decline in numbers of passengers through McCarran since August 2003. And the average daily auto traffic on major highways into Las Vegas was 74,399 vehicles in January, the lowest number in three years.

The declining numbers, however, could translate into better deals for Las Vegas travelers in 2008.

The average daily room rate in January was down 2.5%, to $130.96.

Average daily room rates also dropped by 3.8% year-over-year in November, but prior to that, Las Vegas hadn't seen a slide in average daily room rates in nearly five years.   

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