STR: LAS VEGAS SET TO ACHIEVE RECORD HOTEL ADR ON SUPER BOWL WEEKEND

LAS VEGAS HOTEL ADR is anticipated to reach $573 during February 9-11, setting a record for any Super Bowl weekend, according to STR. The research firm also
foresees an 87.9 percent occupancy rate for the market from Friday to Sunday night, translating to a RevPAR of $504.

Miami set records for the highest Super Bowl ADR and RevPAR in 2020, STR said. However, a significant difference lies in size: Las Vegas, the largest U.S. market
with 393 hotels and 172,707 rooms, has more than double Miami’s room inventory.

“The Super Bowl’s unique volume of demand, driven by not only the game but the leadup festivities, as well as the attractions Las Vegas has to offer, is the
perfect recipe to drive record-breaking prices,” said Chris Klauda, STR’s senior director of market insights. “While the F1 Vegas Grand Prix impact was the
greatest on and around the Las Vegas Strip, the reach and impact of Super Bowl LVIII will spread to areas well beyond the Strip.”