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vegas has actually been dying for quite some time, and way before trump, trump and covid just accelerated everything. vegas was expensive even before the pandemic.
Annual visitation took a dip during Covid and afterwards but largely recovered as recently as 2024. Pre-Covid visitation was roughly 42+ million/ year. In 2024, there were 41+ million visitors. I think it’s true that prices have gone up, but haven’t seen any data. I’m not convinced that the expense is the driver of this trend though… possibly a brewing recession, but the biggest difference from last year is US policy.