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.

Room rates... Recession is over

Discussion in 'Misc. Vegas Chat' started by azlefty, Oct 15, 2016.

  1. azlefty

    azlefty Low-Roller

    Joined:
    Jun 5, 2014
    Messages:
    282
    Location:
    San Diego
    Trips to Las Vegas:
    40
    I'm staying in a friend's room next weekend but did a quick check to see how much rooms would be in case I wanted to get my own. No thanks. With the Stones in town, the debate, etc and everyone has money again, 5* rooms are going for over $600 a night and even some 3 and 4* are pushing $300. I These rates are the highest I have ever seen, except for the chutzpah-breaking weekend of Dec. 31, 1999 / Jan 1 2000 when hotels were asking so much money (wouldn't it be fun to have people pay $2000 a night to celebrate the year 2000?) that everyone just decided to stay home.
     
  2. Richard Alpert

    Richard Alpert LOST

    Joined:
    Jul 22, 2015
    Messages:
    1,324
    Location:
    Wisconsin
    Trips to Las Vegas:
    9
    azlefty, Maybe they saw your avatar and anticipated some wall damage, so they raised rates accordingly!

    Seriously though, sorry to hear about your group's change of plans! Did your search include downtown?

    RICHARD
     
  3. azlefty

    azlefty Low-Roller

    Joined:
    Jun 5, 2014
    Messages:
    282
    Location:
    San Diego
    Trips to Las Vegas:
    40
    Fair point!

    Actually there was no change of plans... he is getting a free room to go to a conference and i'm crashing in the 2nd bed (and hopefully not through the wall, avatar notwithstanding). I was just curious in case I thought I might want a separate room because, you know, I haven't been a teenager in like 25 years.

    I usually stay off-strip midweek in the middle of July so the prices were a little eye-opening.
     
  4. Richard Alpert

    Richard Alpert LOST

    Joined:
    Jul 22, 2015
    Messages:
    1,324
    Location:
    Wisconsin
    Trips to Las Vegas:
    9
    Thanks, azlefty!

    Got it! I morphed the first and last parts of your post...I somehow missed the 1999/2000 part. My bad...
    I was having some Kool-Aid flashbacks or something!

    Have a great trip! With rates like that, the free room--even with a roommate--sounds perfect! :cool:

    RICHARD
     
  5. mrstealth

    mrstealth High-Roller

    Joined:
    Aug 7, 2009
    Messages:
    890
    Location:
    Midwest - Sister Bay, WI
    Trips to Las Vegas:
    62
    Well, next weekend may not be the best weekend to base it on since a bunch of things are creating super high demand - the SEMA convention is huge, and you also have Halloween and the end of the pool season so demand is especially high.
     
    • Agree Agree x 1
  6. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    11,108
    Location:
    TN
    Trips to Las Vegas:
    19
    Supply and demand at work.

    Just looked at Mirage monthly calendar for Oct/Nov. Rates are running for a low of $65 to high of $559 for standard room. That high room is for a Tuesday!
     
  7. eaglejohn

    eaglejohn High-Roller

    Joined:
    Feb 16, 2015
    Messages:
    813
    Location:
    st pete, fl
    Trips to Las Vegas:
    6
    Halloween and SEMA are in 2 weeks, not next weekend. Also PBR and several other conventions from Oct 31
     
  8. Jon E Coyote

    Jon E Coyote Low-Roller

    Joined:
    Oct 24, 2012
    Messages:
    185
    Location:
    St Louis
    Trips to Las Vegas:
    22

    This!
     
  9. Danielle

    Danielle Tourist

    Joined:
    Oct 16, 2016
    Messages:
    25
    Location:
    USA
    Trips to Las Vegas:
    1
    Yeah hotel rates are crazy sometimes. Especially if you're staying on a weekend. If it's during the week it will be cheaper, but the weekends are when they try to take all your money!
     
  10. joespoolhall

    joespoolhall Low-Roller

    Joined:
    Sep 9, 2010
    Messages:
    213
    Trips to Las Vegas:
    60
    Supply and demand is a big factor. Weekends will always be more expensive, but another factor is the current cash flow structure in the town and casino's business reality. 15-20 years ago LV was in a boom that looked like it would never end. There were freebies everywhere you looked. This led to CET and Stations LBOs that nearly cripples both. MGM also found itself deep in debt and then the recession set in. In time they found their income structure moving away from gambling to becoming more dependent on food, beverage, room pricing and retail concerns. The good news is that for the most part rooms and even food can be had cheaper than most any city in the country.

    Good Luck!
    Ric at Joes