Visitors to Las Vegas spent more money per trip last year than any time in history, and the momentum should continue when the city hosts two new big-ticket sporting events in the next year. But the Las Vegas Convention and Visitors Authority projects flat tax revenue for the 2023-24 fiscal year.
In a short preview of the LVCVA’s budgeting process Tuesday, President and CEO Steve Hill told board members the hotel room tax is expected to generate between $305 million and $351 million in the fiscal year that begins July 1 and ends June 30, 2024.
Hill explained in an interview that a combination of factors is contributing to the decision to project flat revenue.
