Las Vegas is in the midst of a tourism slump, with many people struggling to find work, a new report finds.
A report by the Las Vegas Tourism and Convention Commission found that Las Vegas’ tourism industry was down nearly 13% from the same time last year, with hotel rooms being booked at less than half of what they were at the start of the year.
The report comes as President Donald Trump is preparing to unveil his tax reform plan on Tuesday.
The commission also reported that the number of hotel rooms booked in the city has fallen by more than a third since last year.
It also noted that occupancy rates at hotel rooms in the area have been down in the past two weeks.
A recent review of hotel occupancy data by the Tourism and Resorts Association (TRA) showed that the rate of occupancy was about 3.7% in October, down from 4.6% in July.
However, the agency said that occupancy numbers for October remained positive, indicating the economy has not yet been hurt by the holiday season.
“This is consistent with previous trends, with hotels continuing to see occupancy rates in the low single digits and occupancy rates for the entire city of Las Vegas continuing to climb,” said Risa Guevara, director of TRA.
“We believe that the economic downturn that occurred over the past 12 months, combined with the economic growth of the city of Vegas, should have continued to contribute to the strong performance of tourism in the City,” she said.TRA also reported on Tuesday that hotel occupancy rates across the city had fallen more than 20% since June, while rates for rooms were down 21% from a year earlier.
The TRA said that hotel rooms have been booked at just under one quarter of what were booked at the end of July.
Meanwhile, occupancy rates have been increasing steadily across the state.
The TRA reported that occupancy at Las Vegas hotels for October was up 9% from July.
The Las Vegas City Council voted last week to approve a measure allowing hotel rooms to be reserved for a certain number of nights during the holiday shopping season.
The measure has been challenged by the Vegas Hotel Association, which has argued that it would negatively impact tourism by restricting occupancy rates.
However the city’s Chamber of Commerce has called the measure “good news” and said that it will help the city attract more tourists.
“It is a great relief for our guests and our economy, and it is great news that we can provide this relief in the form of the Las Vegas Convention and Visitors Bureau,” said Mark Besser, president of the Chamber of Business.
“We applaud the city council for taking this step, which will provide more affordable hotel rooms for people who may have been unable to find a hotel room, and we will be watching closely to see how this works out.”
However, some critics have questioned the wisdom of the measure, saying it will hurt tourism if people will not book rooms because of the limited availability.
The tourism industry is also being hit hard by a surge in the number, and severity, of respiratory infections among tourists.
The city has recorded more than 2,000 cases of coronavirus, the virus that causes the disease, so far this year.
On Monday, officials announced that the city would open its doors for public tours of the Mandalay Bay Resort and Casino this weekend, which is expected to bring tens of thousands of visitors to the area.
The number of respiratory illnesses reported in Las Vegas during the weekend is expected, the health department said.