What would be the effects on Vegas if Canadian visitation dropped by, say, 20%? Or 50%? Or 99%?
Canada is Las Vegas’ top source of international visitors. Canadian airports make up three of the top five international origins for Vegas visitation and five of the top eight.
The number of Canadians who visited Las Vegas in 2024 hasn't been released yet, but the Las Vegas Convention and Visitors Authority's estimate is 1.4 million. That's roughly the same number as in 2023, 1,419,050, and almost as high as 2019's at 1,480,000.
Now, it's true that a million and a half is a lot of people, roughly the population of Hawaii. So if 99% of Canadians stopped coming to Las Vegas, it would certainly have an impact.
That said, total visitation last year was just under 42 million, so 1.5 million accounts for 3-1/2% of the total. Take all the visitor spend and revenue figures and subtract 3.5% and it would certainly be a pain point, but not exactly crushing.
Indeed, Canadian visitation dropped to 155,000 in 2021, right around 10% of the current number, and Vegas did just fine in the year after the worst of the pandemic, with the casinos recording record profits.
How about Canadian visitation dropping by 50%? In today's figures, that would be a little less than 2% of the total. And 20% would be a around .5%. In other words, fractions.
So our opinion is that the effects would be if not quite minimal, then nominal at worst.
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