
An Empty Strip And Fewer Tips: Is Las Vegas In Trouble?
'The pandemic was something that was worldwide, and we had the hope that everything would get better,' says the 38-year-old single mother of two. 'We're not sure if and when this is gonna stop.'
Las Vegas—the city infamous for wedding chapels, 24/7 casinos, and live entertainment—is experiencing a slump in visitors. The destination hosted some 3.1 million tourists in June—marking an 11.3% decline compared to the same month last year, according to a report by the Las Vegas Convention Center. International visitors were down by some 13% in the same month and hotel occupancy is down nearly 15%.
The numbers are catching up to a story being told by locals and visitors for several months now, of an eerily empty Vegas Strip and deserted casino floors.
Who and what is to blame for the slump is a matter of fierce debate. Some blame rising prices, others have attributed Vegas's fall to the rise of other vacation destinations like Nashville, while the Las Vegas Convention Center Authority attributed the downturn to 'economic uncertainty and weaker consumer confidence.'
Ted Pappageorge, secretary-treasurer of the Culinary Union, calls it the 'Trump slump.'
'If you tell the whole world that they're not welcome, they're not going to come,' says Pappageorge. 'The lifeblood for Las Vegas is Southern California. What folks are telling our members is that the raids and crazy tariffs and this uncertainty, [are causing] people to pull back.'
Data indicates that one in five tourists who came to Vegas in 2024 traveled from California. Just under one in four workers in the state of Nevada as a whole are immigrants. And while there have been reports of Las Vegas workers who are fearful of being impacted by the ICE raids—which have mounted in recent months due to Trump's mass deportation plan— visitors may feel at risk, too.
Empty tables
Whatever the cause, the impact is clear to anyone who lives and works in Vegas. Valdez, a 25-year Vegas resident, sees it in the dwindling number of tourists arriving at her restaurant for a bite to eat. 'We barely have reservations at the steakhouse," she says. 'Sometimes we have 10-20 at most.'
Vegas has typically been a tourism stronghold in the U.S. More than 40 million people visited the desert destination in 2024, generating some $55.1 billion for the tourism industry. But declines in visits to Las Vegas have been recorded every month this year.
The shortfall is affecting workers' bottom line. Holly Lang, a 47-year-old cocktail waitress at MGM Grand on the iconic Vegas Strip, recognizes that her weekly tip income can starkly vary week-to-week, but recent trends point to a downward decline. 'I'm seeing a lot less ups than I normally would,' she says. 'When the economy is shaky, travel is one of the first things to go. If people are uncertain about things, we're an expendable thing for them. They're also not going on vacation if they're uncomfortable,' she says.
'We've definitely got a lot less foot traffic and a lot less people gambling,' she says. 'A lot of the tables are empty.'
The tourism downturn spans nationwide
The U.S. is projected to lose $12.5 billion in international visitor spending, a decline of more than 22%, according to a May report from the World Travel and Tourism Council (WTTC). The U.S. was the only country projected to experience a decline among the other 184 countries assessed by the council.
'While other nations are rolling out the welcome mat, the U.S. government is putting up the 'closed' sign,' said WTTC president and CEO Julia Simpson. Double-digit drops in international arrival data this March from important foreign markets including the U.K., Germany, South Korea, Spain, Ireland, and Ecuador, have also been recorded.
Canada, which topped the chart as the premier international market for visitors arriving in Las Vegas on a direct flight for the past three years, has also experienced sharp drops. Return trips to Canada from the U.S. as a whole fell 22% in June amid boycotts as Trump calls for Canada to become the 51st state and enacts higher tariffs against his northern neighbor.
Some businesses started making staff cuts ahead of 2025. In November, MGM Grand had a round of layoffs, followed by another round in the following spring. Pappageorge says that seasonal reductions in the workforce are typical for the area. 'Twenty-five percent of our workers in these big resort hotels are part-time. They're called the steady extra board because we have ups and downs and under normal visitation,' he says. 'The question is: 'Is this Trump slump here to stay? Or is it something that is going to pass?' Our members are very concerned.'
Earlier this year, Valdez had her hours reduced, meaning she now works for four days instead of five. She says employees have been offered greater vacation time off and many have had their schedules moved around, contributing to her job anxieties.
Fontainebleau, a casino on the Vegas strip, laid off an estimated dozens of workers earlier this May, according to the Las Vegas Review-Journal. It described the layoffs as a 'customary practice in every industry' in a statement at the time. Resorts World has also reported layoffs this year.
Some have taken to social media to point out how the tourism decline is affecting their bottom line. 'Last year, around this time I made $300-$500 in tips, and today I just walked home with $124,' one TikTok user who identified herself as a waitress on the Strip said.
The tourist numbers this year sharply contrast with the post-pandemic tourist boom in Las Vegas, which at one point exceeded visitation levels from 2019. Yet, some casinos have still fared positively. This June, the gaming industry across the state of Nevada made $1.33 billion, up 3.5% over June 2024.
But Pappageorge says that gaming revenue is just one prong of the entire tourism industry. And those who are at risk of losing their job feel limited in their alternative options. 'When I moved here in '96 there were so many jobs here I could pick and choose,' says Lang. 'And right now, people in our service industry are having a hard time finding those jobs. It's not what it used to be.'
Lang adds: 'The whole city is affected by whatever goes down on the Strip.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Baby Bunting Group Full Year 2025 Earnings: EPS Misses Expectations
Baby Bunting Group (ASX:BBN) Full Year 2025 Results Key Financial Results Revenue: AU$521.9m (up 6.3% from FY 2024). Net income: AU$9.54m (up 91% from FY 2024). Profit margin: 1.8% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. EPS: AU$0.071 (up from AU$0.037 in FY 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Baby Bunting Group EPS Misses Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Australia. Performance of the Australian Specialty Retail industry. The company's shares are up 53% from a week ago. Balance Sheet Analysis While earnings are important, another area to consider is the balance sheet. See our latest analysis on Baby Bunting Group's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business Insider
20 minutes ago
- Business Insider
'Something's Gotta Break!': Target Stock (NYSE:TGT) Slips, New Boycott May Rise
There are some cracks emerging in the facade of retail giant Target (TGT). Foot traffic is still down even six months after the last boycott hit. Moreover, there could be another boycott brewing that will hit Target ahead of holiday shopping season. The idea left investors cold, and shares slipped nearly 1.5% in Friday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Target has had some serious trouble lately with political matters. Around two years ago, during the Biden administration, conservatives took aim at Target. They launched a boycott over Target's sale of LGBTQ-themed merchandise, as well as certain policies about the store's restrooms. The boycott seemed to work, and Target pivoted, changing display policies, bathroom policies, and even later making the move to end diversity, equity and inclusion (DEI) policies in accordance with new policies from President Trump. But liberals saw that the boycott plan worked, and launched their own, in protest of the DEI shutdown. Reports noted that foot traffic at Target is down, and falling. In fact, foot traffic fell for the sixth month in a row in year-over-year comparisons. Yet not all the lost foot traffic is attributable to politics. Some believe that Target is '…slipping on retail basics,' like empty cart corrals and understocked, unclean shelves. Another Boycott Brewing? There are also signs that another boycott could be in the works, which might hit Target at the worst possible time: holiday shopping season. Pastor Jamal Harrison Bryant has been working on the notion of getting his flock to stop shopping at Target stores, again over issues of DEI. Bryant took to his pulpit to insist 'Something's gotta break!' in the midst of a sermon about debt, divorce, and drugs, after which he quickly pivoted to taking on Target. While Bryant acknowledges that the momentum is against him—especially given that the Trump Administration is referring to DEI programs as 'illegal DEI'—Bryant believes that a boycott might also serve as a '…way to energize those younger churchgoers that remain,' a number that has been falling off historically since at least 2007. So if Bryant, and those like him, believe they may be able to use a Target boycott to put life back in their churches, then a boycott may indeed be coming. Is Target Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on TGT stock based on 11 Buys, 17 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 27.62% loss in its share price over the past year, the average TGT price target of $103.40 per share implies 0.51% upside potential.


Business Insider
2 hours ago
- Business Insider
Nvidia Stock (NVDA) Weakens as Trump Says '14 Days' Until Chips Tariffs Hit
Shares in semiconductor giants Nvidia (NVDA) and Advanced Micro Devices (AMD) were bashed today as President Trump said tariffs on chips were only a fortnight away. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Firing Line Speaking on board Air Force One as he made his way to a summit with Russia's President Putin over a potential end to the Ukraine war, Trump said chips and steel were next in the tariff firing line. 'I'll be setting tariffs next week and the week after on steel and on, I would say, chips,' Trump told reporters. He said the rates would be lower at the start to allow companies to build up domestic manufacturing in the U.S., rising sharply later, following a pattern he has also outlined for tariffs on pharmaceuticals. He did not reveal what rates of tariff he would impose. 'I'm going to have a rate that is going to be lower at the beginning – that gives them a chance to come in and build – and very high after a certain period of time,' he said. Trump added that he felt confident that companies would opt to manufacture in the United States, rather than face high tariffs. Trump in February raised tariffs on steel and aluminum to a flat 25%, but he announced in May that he would double the rate to 50% to boost domestic manufacturers. He also said that he was ready to impose a tariff of 100% on imports of semiconductors, but companies that committed to building up manufacturing in the United States would be exempt. Tariff Weight The tariff threat has been a big weight on semiconductor stocks this year particularly around April when concerns were – until now – at their highest. They have reacted by upping their U.S. manufacturing commitment. Nvidia has already announced plans within the next four years to produce up to half a trillion dollars of AI infrastructure in the United States through partnerships with the likes of TSMC (TSM) and Foxconn. It has also commissioned more than a million square feet of manufacturing space to build and test NVIDIA Blackwell chips in Arizona and AI supercomputers in Texas. Advanced Micro Devices CEO Lisa Su was also recently asked about incentives to bring chip manufacturing to the U.S. during an interview with Wired. In response, she said, 'We absolutely should bring manufacturing back to the US. Absolutely, 100 percent.' What Stocks are Most at Risk From Trump Tariffs? We have rounded up the stocks most at risk from Trump's tariffs using our TipRanks comparison tool.