US, Las Vegas Tourism Drop Over 10 Percent Mid-2025

Las Vegas is experiencing a significant downturn in tourism, with visitor numbers dropping over 11% in June 2025 compared to the previous year, leading to declines in hotel occupancy and convention attendance. Rising costs, including increased airfares, hotel prices, and resort fees, are cited by about 70% of surveyed individuals as primary reasons for the slump, with many feeling priced out of the typical Vegas experience. Political factors, particularly President Donald Trump's tariffs and immigration policies, have further dampened international travel, especially from key markets like Canada and Mexico, where visitor numbers have plunged dramatically. This tourism decline is impacting the local economy broadly, including residential and commercial real estate markets, which are showing signs of slowdown due to reduced demand linked to the tourism slump. While some sectors, such as sports betting and local casino patronage, show resilience, the overall atmosphere reflects economic uncertainty and a chilling effect on international engagement with the U.S. travel industry. Industry stakeholders express concern over the prolonged impact on employment and economic health, highlighting the interplay between policy, cost, and consumer confidence as critical factors shaping current trends.