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The decline in tourism numbers is causing significant concern for Nevada's economy, with impacts reaching beyond the hospitality industry.
Jimmy Singh, who runs Las Vegas Souvenirs and Gifts, said his business is suffering due to a combination of factors, including the F-1 street closures and tariffs on imported merchandise. "I saw that also, for now, that tourism is less than last years. We see like a 30 to 40-percent drop," Singh said, noting a significant decrease in foot traffic and fewer international visitors.
Singh added that Canadian tourists, once a significant portion of his customer base, are notably absent. "Canada is more worst. Used to we have a lot of Canadians. Lot. Everywhere I see a Canadian. And now? No," he said.
Tourism is crucial to Nevada's economy, with a $98 billion impact, supporting over a quarter of all jobs, generating 22% of wages, and contributing 34% of tax dollars to the general fund, according to Applied Analysis and the Nevada Resort Association.
This results in a $3,000 reduction in the tax burden per household.
#NevadaTourism #economicimpact #VegasDecline #TravelerDrop
#BeyondCasinos #IndustryWarning #localeconomy
MORE: https://news3lv.com/news/local/tourism-drop-in-nevada-raises-economic-concerns-beyond-casinos#
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