"Las Vegas has always been synonymous with excess, entertainment, and endless opportunities. But in 2025, the city that never sleeps is experiencing what many industry experts are calling its most significant downturn since the 2008 financial crisis. The numbers don't lie: visitor counts are plummeting, restaurants are closing, and the hospitality industry that built this desert oasis is fighting for survival."
"Through July 2025, the Strip attracted approximately 22.6 million visitors: a devastating 8% drop from the 24.6 million who visited during the same period in 2024. That's 2 million fewer guests walking through casino floors, dining in restaurants, and spending money on entertainment. Gaming revenue at Strip resorts has declined in four of the last seven months, remaining essentially flat compared to 2024 levels."
Las Vegas tourism plunged in 2025, with the Strip drawing about 22.6 million visitors through July, an 8% decline from 24.6 million a year earlier—roughly 2 million fewer guests. Gaming revenue at Strip resorts declined in four of the last seven months and remained essentially flat year-over-year, marking the worst economic performance in over 15 years. Restaurants are closing and the hospitality ecosystem is under strain. The Culinary Union reports widespread staffing reductions, hiring freezes, and reduced hours, disproportionately affecting the 25% of members who work part-time. Food and beverage professionals face pricing and demand challenges.
Read at Food & Beverage Magazine
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