Average Daily Hotel Room Prices In Las Vegas Break Record
Last week the Las Vegas Convention and Visitors Authority (LVCVA) reported that the average daily room (ADR) rate for January was $150.21, according to the Las Vegas Review-Journal. This was the highest ever average daily room rate for a month and an increase of 3.7% over January 2016.
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.
Expect to see this trend of higher prices continue. While February had the Super Bowl and Chinese New Year, March will have the Con-Agg Expo, March Madness, NASCAR race and more. The casino-resort operators are doing a fine job of bringing more events to Las Vegas to ensure higher room rates. Even if an event is a corporate meeting (see note about Microsoft here) hotel room prices will increase. To make sure their room price cups runneth over, the hotel operators adding fees wherever they can.
Las Vegas continually earns high TripAdvisor rankings for one of the least expensive cities for a vacation. Our pal over at Vital Vegas tweeted some comparable ADR’s in other U.S. cities. Las Vegas prices aren’t so bad when compared to New York City ($254), San Francisco ($221), Boston ($214), and Miami ($207). This chart from Business Travel News shows that in 2015 there were 64 cities with average hotel prices than Las Vegas.
New Name For The Cromwell?
I saw an interesting tweet from Darryl McEwen, aka 7 Stars Insider, while I was writing this. Apparently, Caesars Entertainment has filed a trademark application for the name “Caesars Republic.” Earlier last week, McEwen speculated that Caesars might be considering a rebrand of the hotel-casino based on a survey some customers have been receiving.
I kind of like The Cromwell name, but don’t care too much about it (or any casino names). The Cromwell offers some of the best services by a Caesars property in any city. Just keep the great staff, offer 100x craps odds and serve Macallan when I play Pai Gow Poker and I’ll be happy regardless of the name.
Pool Season Is Underway In Las Vegas!
According to my friends on the east coast, it was freezing and possibly snowing when pools started to open for the year in Las Vegas. This weekend pools at Flamingo, Mandalay Bay, MGM Grand, The Mirage, The Palazzo and The Venetian all opened. Next week Aria and Treasure Island will open their pools.
Additionally, Drai’s Beach Club, Encore Beach Club, Marquee Dayclub, and Tao Beach all started their pool parties for the year. The action at the dayclubs doesn’t kick into high gear until Memorial Day Weekend but you’ll be able to take a dip in these pools, others that will open, and the pools that are open all year round until then.
MGM Resorts International May Be Growing Again This Year
In the middle of last week, there was a rumor that a company made Las Vegas Sands an offer they couldn’t refuse for their casino in Pennsylvania. It was later learned that MGM Resorts International was the company behind the offer for Sands Bethlehem.
If the deal happens, MGM Resorts International will have casinos on the east coast in Maryland (MGM National Harbor near Washington DC), New Jersey (Borgata in Atlantic City), Pennsylvania (Sands Bethlehem), and soon in Massachusetts (MGM Springfield opens in 2018). All of these casinos will give MGM Resorts International quite a footprint on the east coast.
Considering that MGM Resorts International owned half of one casino (50% of Borgata) in the region at this time, this is quite a feat. If this deal goes through, how long will it take before Foxwoods in Connecticut acquisition rumors begins? You can read more about the Sands rumor here.
Quick Hits :
– Brightside Breakfast & Burgers opened 0ver the weekend at The Plaza. Another fair priced restaurant in downtown Las Vegas is alway welcome. Read about it here.
– Hamilton is coming to Las Vegas next year. Locals are STOKED about the new lineup of shows the Smith Center just announced. Read about the schedule here.
– MGM Resorts International announced that UFC is an anchor tenant at T-Mobile Arena. UFC is the JC Penny of T-Mobile Arena. Congrats, bro. Read the press release here.
– Here’s a quick hit about quick hits! If you’re a Vegas nerd like me you might want to check out these updates from the LVCVA. There are just a handful of items but it’s information, like mannequins invading Delano, that you might never hear about.
– The Golden Nugget and Landry’s Restaurants are officially connected. This was announced last year and it’s about time. You can read the press release from Scientific Games here.
– Good news: Hooters has $1 blackjack! Bad news: It only pays even money for bets under $5. Would you play this game for $1 or $5? Las Vegas Advisor has a little more info.
Want direct access to casino news, casino reviews, narratives, loyalty programs and video poker? Visit our casino/Vegas section directly at CasinoZork.