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what should have been las vegas‘The busiest months of the year are another bust It is a tourist center city.
according to Data from Harry Reid International Airport Las Vegas traffic conditions in November— Las Vegas The busiest month – down 9.6% year-on-year, with just 4.3 million passengers.
According to the airport, November’s numbers were actually worse than October, when the airport reported an 8.2% drop in incoming passengers. SF door.
For the past two years, the Formula 1 Las Vegas Grand Prix, held the week before Thanksgiving, has tourists. However, something else noteworthy happened in the United States concurrently with the race this year—the longest government shutdown in American history.
Due to the shutdown, Air traffic volume is The decrease is becauseUsing a shortage of air traffic controllers willing to work without pay.
But Las Vegas’ tourism woes began long before the government shutdown. Prices are rising – partly due to inflation, partly due to President Donald Trump’s trade war — has created an affordability crisis for Americans, forcing them to pinch pennies and spend less on luxuries like gambling in Las Vegas.
Trump’s hard-line immigration crackdown and incendiary rhetoric against the rest of the world also contributed For foreign visitors planning to visit Las Vegas and throughout the United States, please exercise caution.
For example, Trump’s tariffs and insinuation he will invade Canada and made it the “51st state” of the United States, sparking anger among Canadians, canceled their travel plans Heading to America in droves.
Air Canada reported the largest decline in travelers to Las Vegas. Air Canada traffic to Las Vegas has dropped 40 per cent since last year.
In 2024, 28% of foreign tourists to the United States will be Canadians. By 2025, this number will drop to 23%, resulting in a loss of $4 billion to the U.S. economy.
Las Vegas has been severely affected by the decline in Canadian tourists, with Las Vegas Mayor Shirley Berkeley holding a press conference in early September urging them to return.
“I tell everyone in Canada, please come here,” Berkley said at the time. “We love you, we need you, we miss you.”
While Canadian tourists traveling elsewhere are largely responsible for Las Vegas’ tourism woes, data shows a decline across the board.
this Data from the Las Vegas Convention and Visitors Bureau, Tourism throughout October fell 7.6% year-on-year. City hotelThe average occupancy rate is 80.8%, but even with open rooms, hotel prices remain high, with the average room rate on the Las Vegas Strip at $195 per night.
in the most recent Post on his websiteData analyst Nate Silver, who wrote a book about Las Vegas titled “On the Edge: The Art of Risking Everything,” believes travelers to the city may be rethinking their trips now that they are Cash out at every turn.
“Las Vegas is at its best when it creates a feeling of abundance. Las Vegas gamblers are known for burning the candle at both ends,” Silver wrote. “But if you feel uncomfortable at every interface—the room budget is overrun, the food is expensive, and the odds you face at the card tables are more unfavorable—you might reconsider your next trip.”
this las vegas review magazine Highlights some of the high prices travelers to Las Vegas may encounter during a typical visit.
“A regular cup of coffee priced at $6 or $7 (after coffee machines were removed from hotel rooms), domestic beers priced at $10 or more, cocktails made with real liquor at $25 or more, or fast food and soft drink combos exceeding $30 per person are just a few examples of disturbing price points often cited by tourists,” the newspaper reported.
Travelers may be willing to accept these prices if they believe the odds at the city’s casinos are fair, but review journal The analysis found that this was unlikely to be the case for tourists.
“Gamblers cite less favorable gaming conditions, such as 6:5 blackjack, triple zero roulette or $25 minimum table games during slower times of the day, as reasons to avoid certain casinos,” the newspaper reported.
All this isn’t lost on the powerful in Las Vegas, and some are trying to take steps to turn things around.
Las Vegas Convention and Visitors Bureau CEO Steve Hill said at a conference Recent press conferences Operators in the city are “aware” of concerns surrounding prices.
“I think it’s clear that value has been a concern for some of our customers,” he said. “We know this. The resorts know this.”
Hill attributed the decline in tourism to Americans becoming cautious about current economic conditions and reducing discretionary spending.
MGM Resorts International CEO William Hornback During the period Third Quarter Earnings Conference Call His company made price and product changes after receiving critical feedback from guests.
“Of course, this growth will ebb and flow over time, and this summer we heard from some guests about the value in Las Vegas and we responded by making adjustments to ensure a streamlined, great-value experience across all of our properties,” he said. “We also ran a fantastic five-day promotion with one destination, during which we sold over 300,000 room nights, almost double our usual rate, reflecting strong demand for our experiences.”
Hornback also acknowledged that prices for tourists are too high across the board.
“When we think about pricing and the things that get everyone’s attention, whether it’s the infamous bottle of water or the $12 Starbucks coffee at Excalibur, we feel shame,” Hornback said. “We should be more sensitive to the overall experience of guests at a place like Excalibur. You can’t have a $29 room and a $12 coffee. We’ve gone through the organization — we think, we hope, we believe — and we’ve adjusted our prices.”
Caesars CEO Thomas Reeg said at a conference Third Quarter Earnings Conference Call His company “constantly adjusts” prices throughout its operations, but defended its policy.
“I’m not denying that our business and certain areas of Las Vegas may have overcome the pricing issues of snowboards. But [it] For context, you know, we’re in a quarter where when we talk about pricing and demand being down, our occupancy was over 90% in the quarter,” he said.
It’s not all bad news for Las Vegas. one recent reports The Center for Business and Economic Research at the University of Nevada, Las Vegas projects that the city will receive 40.1 million visitors by 2026, a 2.4% increase from 2025.
Andrew Woods, director of the center, said: “The level of uncertainty in the national economy and how businesses and consumers will make decisions based on this uncertainty complicates forecasts, but at this time we do not expect a recession in the short term because some of these downturns may be mitigated over time.” Travel Weekly.