Host Paul Greaves and co‑host Kunal Kamal talk with UNLV economist Andrew Woods about what diverging tourism indicators reveal about the real state of the Las Vegas economy.

Las Vegas visitor counts are falling even as Strip gaming revenue hits records. Andrew Woods explains what these conflicting signals mean, why fewer visitors may be spending more, and how rising prices are reshaping demand.

We dive into what’s keeping visitation stuck near 39–40 million, which parts of the local economy respond first to tourism slowdowns, the warning indicators economists watch, the shortfall in international travel, and what the next reinvention of Las Vegas might require to push volumes back toward 42–43 million and beyond.