1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

A Little CET Math

Discussion in 'Misc. Vegas Chat' started by Jack07, Feb 28, 2013.

Thread Status:
Not open for further replies.
  1. Jack07

    Jack07 Tourist

    Joined:
    Feb 27, 2011
    Messages:
    48
    Location:
    Ohio
    Trips to Las Vegas:
    20
    Just for fun, I decided to take a rough stab at how much money CET might make each year from resort fees. Here is my result:

    First, I added the number of rooms they have from all Vegas properties (total =23,125).

    I multiplied this by an occupancy rate of 80% (the average strip property occupancy rate was 86.9% in 2012, but I wanted to be conservative). This gives us 18,500 rooms in use each day.

    I multiplied that by 365 days in a year, and came up with 6,752,500.

    Now, the harder part was trying to figure out the resort fee per room. Even though, Platinum, Diamond and Seven Stars are not paying these fees, these people represent about 20% (or less) of people staying at Vegas properties. So the new number is 5,402,000.

    From there, I figured at least some percent of people were paying for wi-fi and/or fitness center access. To be conservative, let's say that only $10 increase will be the differential for each room, per day (from the previous ala carte fees). That means they will collect an additional $54,020,000 each year. Not bad!

    Now...if they would only use some of that money to fix up the Rio!
     
  2. KBT2012

    KBT2012 High-Roller

    Joined:
    Sep 6, 2012
    Messages:
    647
    Location:
    Texas
    Trips to Las Vegas:
    14
    They should use that money to implode the quad :wink2:
     
  3. ams722

    ams722 Side Bet Shunner

    Joined:
    Aug 27, 2012
    Messages:
    1,415
    Location:
    Pergatory
    Trips to Las Vegas:
    15
    ...and every other hotel of theirs that isn't Caesar's Palace....
     
  4. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

    Joined:
    May 31, 2008
    Messages:
    2,594
    Location:
    Chicago
    Trips to Las Vegas:
    46

    *Cough* Jay Sarno's "vintage" Roman Tower Rooms *Cough*

    Gary Loveman called dibs on 50% of all resort fee revenue.
     
  5. Buddha

    Buddha VIP Whale

    Joined:
    Apr 3, 2012
    Messages:
    1,471
    Location:
    Chicago 'burbs
    Trips to Las Vegas:
    60
    The best suggestion for unhappy guests at the CET properties is to show your displeasure with your feet .... :evillaugh
     
  6. Nevada Kid

    Nevada Kid VIP Whale

    Joined:
    Feb 26, 2002
    Messages:
    1,828
    Location:
    here
    Trips to Las Vegas:
    55
    And go where? Personally, I haven't stayed on the strip in forever, but for most Vegas visitors the strip is where they want to be, and it seems like every place on the strip is now charging one.
     
  7. Kickin

    Kickin Flea

    Joined:
    Aug 10, 2012
    Messages:
    3,414
    If someone has displeasure with their feel they should see a podiatrist before worrying about resort fees.
     
Thread Status:
Not open for further replies.