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Story summary
- Las Vegas tourism declined 7.5% in 2025, the sharpest decline outside the pandemic.
- The Las Vegas Convention and Visitors Authority reported about 38.5 million visitors in 2025, down from previous years.
- Factors driving the downturn include high prices, reduced Canadian tourism, and political unease.
- Local businesses report declines in hotel revenues and tips.
- Economists warn that if affluent spending cools, recession risks may rise.
