By Michael Schaus, July 24th, 2025 at 2:00 AM, Opinion
Las Vegas can withstand a few bad business trends, just as it can withstand a few national economic headwinds. When both are occurring simultaneously, however, it portends bad things for our local economy.
So far this summer, Las Vegas area hotels have seen “one of the steepest year-over-year performance declines” of any American market, according to Travel Weekly. Passenger totals fell almost 3.7 percent through May at Harry Reid International Airport, and the slew of summer deals being promoted heavily by major resorts indicates things aren’t rapidly improving.
Those who are familiar with the industry rightly point out that “national headwinds” have played a considerable role in so many disappointing economic numbers from recent years.
President Donald Trump’s erratic and arbitrary implementation of “reciprocal” tariffs, for example, have plunged much of the world into a state of economic uncertainty; and as much as anything else, uncertainty is bad news for an economy largely dependent on individuals spending frivolously on luxury entertainment options.
Making matters worse is that the price increases created by Trump’s whimsical taxation of certain imports are likely just now beginning to be felt. While inflation rates remain relatively low, supply chains have become disrupted and consumer prices still remain elevated — meaning even without massive inflation, consumers and businesses will still feel squeezed by federal policies that replace carefully negotiated trade agreements with sporadic proclamations made via Truth Social [Editor’s Note: link removed].
Editor’s Note: Read the rest of the story, at the below link.
Continue/Read Original Article Here: OPINION: Vegas isn’t fun anymore if you’re on a budget – The Nevada Independent
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