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Las Vegas summer slump fuels economic worries
NBC News· 2025-08-16 00:48
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]
X @Forbes
Forbes· 2025-08-15 16:31
U.S. tourism officials say Congress’s controversial $250 visa integrity fee will deter international visitors and cost the country nearly $11 billion in lost visitor spending and tax revenue over the next three years. https://t.co/ACm21m9wGD https://t.co/IYkeNlV99T ...
X @The Economist
The Economist· 2025-08-15 09:05
A visit to the seaside once risked arrest and torture. Now people are soaking up the sun https://t.co/QC6imgSg2G ...
X @Bloomberg
Bloomberg· 2025-08-13 02:56
Industry Development - Indonesia has doubled its number of airports with international status [1] Strategic Objective - The move aims to boost travel to the archipelago country's regions [1]