Las Vegas Faces Downturn: Visitor Numbers Drop 6.5%

Las Vegas, the entertainment capital of the world, is struggling with a 6.5% drop in visitors. The middle and lower tiers of the market are feeling the pinch, but the city's unique offerings promise a future recovery.

, and Administrator

2025 October 5 . 11:20 AM

1 min read

they are cars riding under the rich and people riding bicycles under the bridge and there are few... — they are cars riding under the rich and people riding bicycles under the bridge and there are few vehicles in front of the building.

Las Vegas Faces Downturn: Visitor Numbers Drop 6.5%

Las Vegas, the entertainment capital of the world, is facing a downturn in visitor numbers and gaming revenue. The Las Vegas Convention and Visitors Authority's CEO, Steve Hill, has warned that the situation may persist in the coming weeks.

Through May, Las Vegas has seen a 6.5% drop in visitors, equating to 1.15 million fewer people. This decline has led to a 14% decrease in revenue per room. The middle tier of the market is expected to bear the brunt of this decline.

The outlook for hotel operators in the lower third of the market is uncertain. While luxury operators like Wynn Resorts have shown stock fluctuations with overall gains, specific data on lower-tier operators is lacking, suggesting a need for further market analysis. Resorts have temporarily removed resort fees to stimulate short-term demand.

Steve Hill has described the current situation as one of subdued demand, comparable to crises like the September 11 attacks or the Great Depression. Las Vegas has the second-largest drop in hotel occupancy, only behind Houston.

The recent results in Las Vegas are temporary and subject to geopolitical factors. Despite the current challenges, the city's unique offerings are expected to drive recovery in the future.