Where Data Tells the Story
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This year, Sin City is a little quieter than usual.
According to data from the Las Vegas Convention and Visitors Authority, the number of visitors to the City of Lights has dropped every single month in 2025, relative to 2024, with June seeing 11% fewer tourists compared to the same time a year before. Hotel occupancy rates are down, and passenger numbers through the city’s Harry Reid International Airport have also fallen 4% so far this year.
Historically a barometer worth watching to get a sense of how frivolous Middle America is feeling, Las Vegas’ woes are out of step with many of the other signals from the economy. Tariff-induced recession fears have abated, and though the city’s scorching heat is intimidating, it’s always like this in Nevada in summer.
Even during some of the worst financial conditions, like the global financial crisis, the yearly drop in visitors was not as affected as this year (down 6%). Put simply: in modern times, Vegas has never seen this level of slowdown with the exception of the pandemic.
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