What is the current state of Las Vegas tourism?

Las Vegas has experienced its sharpest annual visitor decline outside the pandemic in 2025, with a 7.5% drop, primarily due to a weakening in leisure travel.

Why are fewer people visiting Las Vegas?

Higher prices, inflation, economic uncertainty, and budget-conscious travelers pulling back are contributing to fewer visitors, especially during weekdays.

How is the Las Vegas slowdown affecting workers?

Workers in the hospitality sector are experiencing reduced tips and fewer available shifts as visitor spending decreases.

Home / Business and Economy / Vegas Economy Fades: Leisure Spending Drops Sharply

Vegas Economy Fades: Leisure Spending Drops Sharply

19 Feb

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Summary

Las Vegas saw its sharpest annual visitor decline outside the pandemic.
Weakness in leisure travel impacts hotels, airlines, and workers.
Higher prices and economic uncertainty deter budget-conscious travelers.

Vegas Economy Fades: Leisure Spending Drops Sharply

Las Vegas has recorded its sharpest annual visitor decline outside the pandemic era, with a 7.5% drop in 2025. This downturn is primarily attributed to a weakening in leisure travel, the city's economic lifeblood, even as conventions continue to perform well. The decrease in passenger traffic at Harry Reid International Airport highlights the broader trend.

The shift is most noticeable during weekdays, with softer demand impacting hotel occupancy and revenue. This has led hotels to offer discounts and additional perks to attract visitors. Airlines have also responded by trimming flight schedules into Las Vegas.