Las Vegas summer slump fuels economic worries

Tourism & Economy - Las Vegas visitor numbers in June decreased by over 11% compared to the previous year, and more than 7% for the entire year [2] - Hotel room occupancy and convention attendance have decreased by tens of thousands [2] - A US tourism market decline of $125 billion is estimated for 2025 [7] - Flights into Las Vegas from Canada are down by more than 18% compared to last year [7] - Tariffs are estimated to cost the average American household $2400 per year [8] Las Vegas' Economic Position - Las Vegas tends to be an early indicator of economic slowdowns for the rest of the US [4] - Hospitality and tourism account for over a quarter of Las Vegas' workforce [5] - Las Vegas has been attempting to diversify its economy through sports and entertainment [5] Gambling Trends - Gambling revenue has not decreased this summer, despite the rise of online sports betting [6]