Caesars news dominates in and around Las Vegas this week. Last week they released an investors presentation and this week they held a meeting with investors at the 2018 Gaming & Lodging Conference.
Let’s take a look at resort and parking fees for hotels away from the Vegas Strip. Since there are so many hotel-casinos around Las Vegas I’ll break them into sections for easier reading.
Vegas Fees Gone Wild | It seems that we are living in an age of travel “fees gone wild.” Is ancillary revenue becoming the cornerstone of financial success for hotel operations in Las Vegas?
When I first started visiting Las Vegas I couldn’t afford much beyond a hotel room and low limits gambling. I was 21’ish and didn’t have much money to my name…. Being nickeled and dimed by Las Vegas hotels every few months is obnoxious.
Booking a hotel room in Las Vegas isn’t as simple as it used to be. Actually, just visiting the Vegas Strip isn’t as simple as it used to be either. The addition of resorts fees to advertised hotel room prices in Las Vegas over the years mean that your hotel room price isn’t what you’re being told it will be. But wait, there’s more! There is another fee if you plan on using a car in Las Vegas. Many casino operators on the Vegas Strip are now charging an hourly and daily parking fee for self-parking and valet. These parking fees are applicable to anyone with a car visiting or staying at the property.
The news in Las Vegas never ends. This week Caesars waited until Friday night at 11pm to release news that
The Cosmopolitan will begin charging for valet parking on April 18. Self-Parking fees will begin on May 16. Both visitors and hotel guests will be required to pay for parking. Las Vegas locals will have to pay as well. Here are the specifics:
There’s no topic in Las Vegas from the past year that’s drawn more ire than paid parking on the Vegas Strip. According to the most recent visitor profile, from the Las Vegas Convention and Visitor’s Authority, 57% of the people visiting Las Vegas arrive by car.
I’ll never forget the first time I rolled into Vegas. I was in a Ford Windstar full of college kids from my architecture studio, it was 1998.
First the bad news: MGM Resorts International announced that they will be the first Las Vegas hotel operator to charge