Those writing Las Vegas’ obituary need to reconsider how the story will end.
The tourism dip has rippled throughout the local economy . Hiring has slowed, and consumer spending is down. The news hasn’t all been bad, however. Rental prices have dropped because of new construction and a slowdown in new residents. Despite years of talk about diversifying the economy, it’s a reminder that tourism remains the engine powering growth in Southern Nevada.
There are two competing narratives to explain the slowdown. The first, pushed by Culinary Local 226, blames President Donald Trump. Union officials argue that his tariffs have hurt the economy, leaving people with less to spend on leisure. Also, they attack the president for getting into spats with foreign countries, which has hampered internati