It is pretty fair to say that Vegas Visitation is jumping. It’s been a while since there’s been a supply and demand problem for visitors in Las Vegas, but here we are. According to the Las Vegas Convention and Visitors Association Executive Summary, visitation in February was up almost 19% from January. That should increase even more when March figures are released.
I think the cold temperatures slowed down the newsmakers in Las Vegas this week. That’s the only way I can explain the lack of actual news. In fact, after MGM Resorts International reported earnings it seems as though everyone in Las Vegas went out for ramen to warm up from the freezing cold temperatures.
Average Daily Hotel Room Prices In Las Vegas Break Record. The average daily room rate is the average of all Las Vegas hotels from every day of the week and does not include resort fees, parking fees, or taxes. So, while a midweek room in downtown Las Vegas might have been $30, a hotel room during CES on the Vegas Strip might have cost $270. Together the prices of the hotel rooms averaged $150 each.