Vegas Visitation Slump Persists Despite 3rd Consecutive Month of Gaming Revenue Growth
Posted on: September 26, 2025, 08:51h.
Last updated on: September 26, 2025, 08:51h.
The Las Vegas Convention and Visitors Authority (LVCVA) reported on Friday that August marked the eighth straight month of year-over-year visitation declines, with a 6.7% drop compared to last year. Despite this, gaming revenue continued its upward trend for the third consecutive month.
Though August’s visitation drop was only 6.7% year over year — less than the double digits seen earlier this year – every month in 2025 has seen a year-over-year visitor decrease of at least 1%, with most ranging 5-10%. Year
-to-date totals show a 7.8% decrease, with the number of visitors shrinking from 28 million to 25.8 million — a loss of 2.2 million.
August’s convention attendance, the singular bright spot for the region in 2025, fell 8% to 587,000 – largely due to the World Market Center summer show, which attracts 40,000 attendees, shifting from August to July.
Hotel metrics mirrored the downtown. August occupancy rate averaged 77.5%, down 3.7 percentage points from last year, with average daily rates dropping 7.4% to $162, resulting in revenue per available room (RevPAR) falling 11.7% to $126.
Strip properties saw occupancy decline from 84.5% to 81%, with average daily rates decreasing from $186.06 to $172.83 and RevPAR dropping 11%.
This news came the same day LVCVA ended the first areawide Las Vegas “sale” in the region’s history — featuring over 100 discounts of up to 50% at casinos restaurants and entertainment venues — as a desperate attempt to turn visitation around.
Lone Bright Spot: Gaming Revenue
The Nevada Gaming Control Board also announced its monthly numbers on Friday, and they were much better. Clark County’s (Las Vegas) gaming revenue rose 5.3% to $1.03 billion last month. And the Strip’s gaming win grew 5.5% to $679.3 million, up 5% year-to-date.
Baccarat was the key driver, with the Strip winning $114.4 million on the table game in August, a 51% increase from last year, and up 29% over the past three months – though still down 3% over the past 12 months.
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