Las Vegas Sands - statistics & facts

Las Vegas Sands Corporation is a casino and resort company based in Nevada in the United States. The company ranked third among the leading casino companies worldwide by revenue in 2020. That year, Las Vegas Sands reported 3.61 billion U.S. dollars in revenue. Only two other casino companies ranked higher than Las Vegas Sands - MGM Resorts and Caesar’s Entertainment with 11.76 and 4.46 billion U.S. dollars, respectively. Las Vegas Sands’ casino resorts offer various amenities, including restaurants, entertainment facilities, and malls. Casinos are Las Vegas Sands’ biggest business segment in terms of revenue, generating more than half of the company’s annual revenue in 2021. During that year, the company operated seven different properties, the Las Vegas Sands property with the highest casino revenue in 2021 was the Venetian Macao, accounting for roughly 940 million U.S. dollars.

How popular are Las Vegas Sands’ hotels?

Hotel accommodation is the third biggest business segment for the company behind its casinos and malls. In 2021, the occupancy rate of Las Vegas Sands by property varied. The Venetian in Macao had the lowest room occupancy rate at 49.7 percent that year. Meanwhile, the Marina Bay Sands had the highest occupancy rate at 70.1 percent. The Las Vegas Sands property with the highest average daily rate (ADR) was The Plaza Macao and Four Seasons Hotel at a whopping 438 U.S. dollars per day. This property also accounted for the highest revenue per available room (RevPAR) of Las Vegas Sands Hotels worldwide in 2021 at 194 U.S. dollars. Although the company had to contend with the more recent challenge of operating hotel properties during a pandemic, the total assets of Las Vegas Sands worldwide have remained relatively steady since 2008. In 2021, Las Vegas Sands had total assets amounting to approximately 20.06 billion U.S. dollars.

Impact of COVID-19 on the casino hotel sector in the U.S.

The coronavirus (COVID-19) pandemic dramatically impacted the casino hotel sector in the United States. In 2020, the sector’s market size plummeted to 40.9 billion U.S. dollars, down from the previous year’s total of 74.26 billion U.S. dollars. Despite the pandemic’s impact on the sector, the market size of the casino hotel sector in the U.S. was forecast to grow to 53.73 billion U.S. dollars in 2021. Similarly, the number of businesses in the casino hotel sector in the U.S. was also expected to grow in 2021. That year, the number of businesses in the sector was forecast to reach 271, up from the previous year’s total of 242. The number of employees in the casino hotel sector in the U.S. was approximately 302.73 thousand in 2020, down from the previous year's total of 432.93 thousand. In 2021, employment in this sector was forecast to reach 365.75 thousand.

Interesting statistics

In the following 3 chapters, you will quickly find the 19 most important statistics relating to "Las Vegas Sands".

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