Las Vegas Tourism Drops Over 11% in June Amid Economic Uncertainty

Las Vegas is experiencing a notable decline in tourism and casino revenue during the summer of 2025, driven largely by fewer international visitors, especially from Canada, and high prices that are deterring tourists. Caesars Entertainment reported a 3.7% year-over-year drop in net revenue and a 21% decline in net income for the second quarter, with CEO Tom Reeg describing the summer as "soft" due to a slowdown that began in late May. Visitor numbers dropped 11.3% in June compared to the previous year, with hotel occupancy rates and average daily room rates both decreasing, and convention attendance also falling significantly. Despite these challenges, Caesars anticipates stabilization in bookings and expects a rebound with major events and convention business scheduled for the fourth quarter of 2025 and early 2026. The declines reflect broader economic uncertainty and weaker consumer confidence that continue to affect travel decisions, while social media and forums reflect local concerns about rising costs and reduced tourism activity. Overall, the Las Vegas tourism sector faces ongoing pressures but looks to upcoming events to help offset current losses.