Interestingly, Dollywood is becoming a big destination.
The Las Vegas Convention and Visitors Authority reported that the city experienced an 11 percent drop in visitors year-on-year in June, followed by a 6.7 drop in August.
Hornbuckle attributed the tourism slump to several factors, including:
<><>400,000 fewer Las Vegas travelers on Spirit Airlines,
<><>a decline in Southern California drive-in visitors,
<><>and continued drops in international travel
<><>following comments and tariff policies from the Trump admin.
“July for everyone in the community was a rough month. The summer was rough,” Hornbuckle said. But things have turned since, he added, and the resort giant might even beat numbers from last year’s “all-time fourth quarter” based on bookings.
Jonathan Halkyard, MGM’s chief financial officer and treasurer, said Wednesday that the company reviewed what customers are actually willing to pay for certain goods and services, and have since implemented about 90 percent of those adjustments.
MGM’s net revenue dropped to $2 billion in the third quarter, down from 2024, mainly due to room renovations at MGM Grand Las Vegas, the company said. Earnings at MGM’s other Las Vegas properties also dropped from $731 million in September 2024 to $601 million this year.
A lot due to the Smokey Mountains National Park is the most visited park.
Not to mention Nashvegas.