Las Vegas may still be dazzling, but its glitter comes at a steeper price: "Not a bargaining holiday anymore"

Las Vegas - The “Welcome to fabulous Las Vegas” logo is usually the first stop for millions of visitors. However, this spring, the line of the photo taken was significantly shorter As inflationGiving visitors a higher price, he slammed the "City of Sin".

“We were here last year, almost exactly the same time,” John Fischer, who visited from the UK, told CBS News. “It could be a 20% increase this year (expensive).

British tourist Stuart Woodfall said he was surprised to pay $9 for the coffee.

"In the UK, we're going to spend 4 pounds and 5 pounds of coffee, yes, crazy," Woodfall said.

These higher prices have not stopped convention traffic yet, but leisure travel is declining. The Las Vegas Convention and Visitors Administration said there were 3.39 million visitors in March, down 7.8% from the same period last year. From April 2024, visitors in April fell by 5.1%.

LVCVA said hotel occupancy has also declined as the average nightly exchange rate on the Strip reached $203 in April. Hotel occupancy rate in April was 84.5%, slightly lower than 85.5% in April 2024.

"I think it's mainly a decline in consumer confidence," LVCVA CEO and president Steve Hill told CBS News.

Hill said that if the price is right, the large resort can absorb some empty rooms.

“Before the pandemic, Las Vegas philosophy filled a room at all costs,” Hill said. “Now, that has been eased a bit. So there is a balance point where they find it actually is a little bit lower than what we’ve seen at the peak, about 88% in 2019. In the 85% range, they feel comfortable at a higher price.”

Another sore place is Las Vegas Hill explained that he saw fewer international tourists. They are people who usually tend to stay longer and spend more.

"It's an investment in a trip, and we're usually a bucket list," Hill said. "They want to come here and spend more time and really enjoy the experience here. So when we lose them, we lose a very valuable customer."

Visitors rolling dice in Las Vegas are currently dealing with traffic on heavy vehicles. Months of special activities with construction and road closures can turn a 10-minute drive into a creep on the strip.

“We have so many clients saying, ‘We will never be back in this city, you can’t get anywhere.’ Their company is doing tours around the surrounding areas, including the Grand Canyon, Area 51, Zion National Park and Death Valley.

The couple said higher fuel and insurance costs have little room to lower prices. Before the COVID-19-19 pandemic, some tours cost $75 and now $109.

"Economics, money, they don't have money," Donna told CBS News. "The fact is, Las Vegas is no longer a bargaining holiday."

Even so, many visitors are evicting such as Dead & Company's resident in Sphere this spring, as well as Beyoncé's Cowboy Carter tour, which will be in the Allegiant Stadium in July.

"Like, you can take a beautiful experience, but you can find a pretty good price," said Marc Kutzin, a visiting New York City.

The summer calendar is filled with concerts, festivals and Sports EventsHill believes the city will be resilient.

"Las Vegas will respond to this," Hill said. "We're going to have a great summer."

Andres Gutierrez