Las Vegas Tourism and Hotel Revenue Plunge in June

Las Vegas experienced an over 11% year-over-year drop in tourism for June 2025, with hotel occupancy falling sharply, particularly at value and midmarket properties. The decline is linked to ongoing economic uncertainty, weaker consumer confidence, slower convention business, and policy changes such as new visa fees and limits on tax deductibility for gambling losses. International travel, especially from Canada, decreased more than domestic travel, worsening the downturn and reducing airport passenger traffic. Despite fewer visitors, gaming revenues have held steady or risen, with luxury properties like Bellagio seeing gains, indicating continued activity among premium travelers. Room rates and revenue per available room have declined significantly, but officials remain cautiously optimistic due to strong bookings for future events and conventions. Industry data also show Las Vegas among the hardest-hit U.S. cities for hotel and revenue drops, mirroring similar tourism declines in global markets like Ireland.