Las Vegas’ Summer Slump Isn’t Over Yet
Photo Credit: Las Vegas visitor volume fell 8.8% in September, the ninth consecutive month of year-over-year declines. Unsplash / Guido Coppa
Skift Take
After a slow summer for Las Vegas, hotel-casino execs say a turnaround is on the horizon. For now, the city continues to trail 2024 benchmarks.
Las Vegas’ summer slowdown may be stretching into the fall.
Visitor volume slid 8.8% in September, the city’s ninth consecutive month of year-over-year declines fueled by economic uncertainty. Airline traffic in and out of the city was also down for the month. Meanwhile, October hotel occupancy rates continue to fall short of 2024 metrics.
Still, there are signs of improvement, and casino executives remain optimistic for a rebound in the fourth quarter and beyond as group and convention travel picks up.
Whether leisure travel demand follows is another question.
“Are we going to see it continue to improve and recover? Or do we stall at some point that's shy of where we were before?” Caesars Entertainment CEO Thomas Reeg asked during a call last week with investors. “That's a difficult question to answer. That's a macroeconomic question.”
Las Vegas Tourism Metrics Still LaggingWhile some tourism metrics have
