Tourism continues steady decline in Las Vegas

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The Center Square) — The $87 billion tourism industry in Las Vegas has been on a steady, downward tumble in recent months.

The number of visitors has fallen since last year, underperforming the vast majority of the U.S. in year-to-year visits. The decline comes amidst a sharp drop in international tourists, immigration fears within the industry’s workforce and a long-passed peak for Las Vegas casinos.

This past May visitors to Las Vegas dropped 6.5% from 2024, the Las Vegas Convention and Visitors Authority reported. It’s right on average with 2025’s tourism decline, kept lower by more balanced visitor totals in January.

 

King Poetic

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Boomers and generation x who stayed in casino’s burning money from tables to sports events are gone as well as mafia/gangs who used to do dirt there is gone

New technology has came in and also Vegas has become literally low budget motherfukkers destination now

Miami might be feeling the pain next
 

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Just got back from there a few weekends ago. Flamingo pool party and NBA Summer League :ahh:

I know a lot of people hate Vegas but I love it, we always have a great time. I can definitely understand why tourism would be declining though, we ALWAYS spend a grip there. Hard to find tables under $25 minimums on the strip, mixed drinks are $25 each, rooms getting more expensive and they stingier with the comps, restaurants more expensive.

People just ain't got it in this economy.
 
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Mandarin Duck

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Boomers and generation x who stayed in casino’s burning money from tables to sports events are gone as well as mafia/gangs who used to do dirt there is gone

New technology has came in and also Vegas has become literally low budget motherfukkers destination now

Miami might be feeling the pain next
And with all the casinos outside of Vegas the old folks don't even really need to go.

They can drive 30 mins and play the tables and slot games.
 

Memorial Stadium Piru

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Why the decline? Because private equity happened.

Private equity said fukk the budget-friendly Vegas vacation of the 80s, 90s, 2000s and early 2010s. They cut costs on everything while simultaneously making everything 10x more expensive.

When all the juice is sucked out of the fruit, the private equity parasite will move on to its next victim and Vegas will be a decaying carcass of what it once was, similar to what happened to Atlantic City.
 
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