Hotel-casinos in Las Vegas reported 84.8% occupancy year-to-date through November and a 10.8% increase in average daily rate through November compared with the same period in 2010. While falling short of peak performance, these results indicate a steady recovery for the Las Vegas hotel-casino market, observers say. "A double-digit increase in ADR with softer increases in occupancy means the marketplace is moving in the right direction," said Abhijit Pal, a senior director at Expedia.

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