A downward revision in national jobs statistics and a significant drop in visitor numbers in Las Vegas are raising concerns about the economy’s performance among everyday Americans. The city, once known for its steady upward trajectory in tourism, has seen a 1.5 million decline in visitors over the first six months of this year compared to the same period last year.
For decades, Las Vegas’s visitor numbers have been on the rise, with the annual total increasing more than six times since 1970. However, the current economic slowdown is concentrated at the lower end of the price scale, affecting individuals who need disposable income to travel. The share of visitors staying with friends and family instead of hotels has nearly doubled from 7% to 13%.
Investors are also becoming cautious, as billionaire Tilman Fertitta has shelved plans for a new hotel-casino project due to concerns about the economy’s stability. Restaurant reservations in downtown Las Vegas have plummeted by two-thirds, with customers opting for more frugal dining options.
“This theme of an economic slowdown permeates almost every discussion we have with clients,” says Jeremy Aguero, research firm Applied Analysis. The decline is causing worry among locals, particularly single mothers like Gloria Valdez, who has seen her hours cut from five days a week to four due to the economic uncertainty.
Source: https://www.telegraph.co.uk/business/2025/08/15/the-slow-death-of-sin-city