Economic outlook forecasts slowdown for Nevada’s tourism, gaming industries
Nevada’s tourism economy could hit some “bumps in the road” over the next few years, according to UNLV’s Center for Business and Economic Research’s yearly economic outlook report released Wednesday.
Las Vegas has seen an increase in visitors, gaming revenue and hotel occupancy rates in rebounding from the economic crisis brought on by COVID-19 closures in 2020, but all three areas are projected to fall in the region over the next two years, the group’s research projects.
The report projects that Southern Nevada’s visitor traffic will decrease by 5.8% in 2025 and 6.9% in 2026. And for gross gaming revenue, decreases by 5.4% in 2025 and 4.6% in 2026 are anticipated.