LAS VEGAS (KLAS) — One other deep drop in Las Vegas tourism numbers confirmed customer numbers declining by 12% in July, and resorts are making much less cash from the vacationers that do make the journey.
Lodge occupancy dropped to 76.1% in July, in accordance with a Friday report from the Las Vegas Conference and Guests Authority (LVCVA). That is a 7.6% decline in comparison with July 2024, when occupancy was at 83.7%.
Common room charges are down 3.4% — $154.76 in comparison with $160.15 in July 2024.
(Las Vegas Conference and Guests Authority)
An essential measure of resorts’ profitability, RevPAR (Income Per Accessible Room), has fallen dramatically in comparison with final July. Total, RevPAR is down 12.1%. Which means every room is producing $117.77 per day, a giant drop from $134.05 final July. RevPAR signifies how a lot friends are spending on the resort.
Steve Hill, LVCVA president and chief government officer, is predicted to reply questions later right now in regards to the persevering with tourism slide in Las Vegas. 8 Information Now will replace this report along with his feedback.
LVCVA’s report cited slower tourism developments of latest months that continued into July.
Casinos got here out of July with improved winnings in comparison with final July, up about 4% as gamblers misplaced $1.36 billion. Las Vegas Strip casinos confirmed a 3.24% improve, successful simply over $749 million.
JUNE REPORT: Las Vegas tourism troubles deepen as customer depend drops 11.3% in June
On Thursday, Harry Reid Worldwide Airport reported passenger counts had been down by 4.4% in July.
The Strip sometimes outperforms the common, however occupancy was right down to 79.5%, down 7.0% in comparison with July 2024. The common Strip room was $164.57, down from $170.38 final July, and RevPAR fell by 11.2%, $130.83 in comparison with $147.38.
Downtown costs are decrease, however occupancy there was additionally down, 63.0% in comparison with 67.8% final July. Downtown rooms averaged $87.69 in comparison with $90.77 final July, and RevPAR was 10.2% decrease, coming in at $55.24 in comparison with $61.54.
The report on Las Vegas visitation confirmed an estimated 3,089,300 guests. A yr in the past, that quantity was 3,512,500. To date in 2025, Las Vegas is 8.0% behind final yr’s tempo for customer quantity, in accordance with LVCVA.
The entire variety of lodge rooms obtainable is down in comparison with final yr. The Mirage is shuttered as Onerous Rock Worldwide rebrands the resort, contributing to decrease room counts.
However many of the decline in tourism has been attributed to financial uncertainty that has lowered journey nationwide and from worldwide locations together with Canada.
