Mention Las Vegas to just about anyone, and images of the Strip with its bright lights, casinos, and unmatched energy likely come to mind. But beneath the shine, Las Vegas isn’t having its best moment. Although it might not be obvious to the average visitor, the city has been quietly battling a slowdown.
According to data from CoStar shared with CasinoBeats, Las Vegas has recorded seven straight months of year-over-year declines in hotel occupancy compared to 2024 and is on track for an eighth consecutive month, based on preliminary September figures. Average daily rates (in other words, how much a hotel earns per room) were also down during six of those months.
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