Las Vegas Tourism Declines in 2025 Amidst Economic Challenges

Tourism Decline in 2025

Las Vegas experienced a 7.5% decrease in tourism in 2025, welcoming 38.5 million visitors, the lowest since 2021. December marked the 12th consecutive month of year-over-year declines, with 3.1 million visitors, down 9.2% from December 2024. Factors such as reduced consumer confidence and international travel hesitancy contributed to this downturn. Despite the challenges, the convention sector remained steady, hosting 6 million attendees in 2025, nearly matching 2024 levels. The Las Vegas Convention and Visitors Authority (LVCVA) anticipates a rebound with major events scheduled for 2026, including ConExpo-Con/Agg, WrestleMania 42, the Formula One Las Vegas Grand Prix, and UFC International Fight Week.

Hotel and Travel Indicators

Hotel occupancy declined by 5.8 percentage points to 76.1% in December, while the average daily room rate fell by 5.1% to $183.87. For the full year, average hotel occupancy was 80.3%, down 3.3 percentage points from 2024. Despite these declines, both metrics ranked as the third-highest on record. The LVCVA remains optimistic, citing a strong events calendar and adaptive strategies to attract visitors in 2026.