Tourism in Las Vegas continues to decline as many visitors are calling out the once-packed Sin City for its high prices.
The latest statistics from the Las Vegas Convention and Visitors Authority (LVCVA) show that only 3.1 million people visited in June, which is down 11.3% compared to last year.
The hotel industry is feeling the burn of fewer visitors, with occupancy dropping 6.5% while average daily room rates have lowered to $163.64 – down 6.6%, according to the LVCVA.
Even the Harry Reid Airport has shown a decline, dropping 4.1% in year-to-date decline compared to the same time last year, according to the website.
Tom Reeg, Caesars Entertainment CEO, shared that it would be a “soft summer” on a recent earnings call, according to local reports.
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Author: Marty Kaufmann
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