"Air traffic into Harry Reid International Airport is trending downward, as domestic travel for the first half of 2025 was down 4% compared to last year."
"Hotel occupancy dropped nearly 15% in June and another 17% in early July, marking the steepest decline among the top 25 U.S. tourism markets."
"Gross gaming revenue over time will likely return to pre-pandemic trends, as savings and discretionary income return to where they were before the pandemic."
"Tourism troubles in Las Vegas signal a potential recession that could impact consumer spending before affecting other major cities."
Las Vegas is facing significant tourism challenges, with air travel declining 4% in early 2025 compared to the previous year. Hotel occupancy rates have fallen by nearly 15% in June and 17% in early July, which is the steepest drop among the top U.S. tourism markets. International visitor numbers also declined by 13.2%. Economic forecasts suggest a slow contraction in tourism through 2026, driven by changes in consumer income and potential recession concerns stemming from tariffs and inflation.
Read at SFGATE
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