Las Vegas - Are Las Vegas Hotel prices plateauing

Are Las Vegas Hotel prices plateauing or is there more pain?

I suppose they can only drop so far.

The move may be more resort credits.

I saw a standard room at Caesars for $90 the other day on Expedia. Is this as good as it seems?

skylofts recently extended base rates through summer.

Hilton Las Vegas at $40 in the weekdays after Memorial Day. I'd say this summer could be the best overall value in Vegas for many years to come.

Recent news reports here mention about an 8% drop in visitors recently. I know that weekend rates are still about the same as ever (might be slightly lower) but mid-week rates are FAR lower across the board. A few weeks ago I heard the Wynn was offering mid-week rates of $129 on rooms that normally cost $300.

So if you are on a budget, or just want to stay in the high-end resorts and save a few (well, actually, quite a few) bucks, try to time your stay from Sunday through Thursday.

Just had some German friends in town and they said the weekend was as busy as usual (they have come here every year for the past 10 years) but that mid-week was almost dead - no lines for anything.

Hotels are definitely trying to keep occupancy levels up. Prices have definitely gone up somewhat as the warm weather rolls in however.

The opening of Aria and Vdara later this year might well have the effect of preventing a significant price increase (although Caesars is apparently not going to build out the interiors of the new Octavius Tower until some time in the future).

certainly going to be interesting to see if mgm gets the rates theyre currently publishing >
http://www.flyertalk.com/forum/las-vegas/924996-city-centers-aria-vdara-now-accepting-reservations.html
(and where the economy is at that point)

I always thought that "plateauing" meant reaching the highest level+stabilizing? The opposite would be "bottoming out"...?

HTSC
Are Las Vegas Hotel prices plateauing or is there more pain?

I suppose they can only drop so far.

The move may be more resort credits.

I saw a standard room at Caesars for $90 the other day on Expedia. Is this as good as it seems?

I always thought that "plateauing" meant reaching the highest level+stabilizing? The opposite would be "bottoming out"...?

HTSC
Valleying?

its interesting wynn has not repeated the parlor suite deals of late last summer.

also relevant >
http://www.ratevegas.com/blog/2009/04/gaming_numbers.html

Valleying?

Rutting?

No wait, that's something else entirely.

Valleying?
Troughing would be the word. @:-)

Are Las Vegas Hotel prices plateauing or is there more pain?


This is the first time I've ever seen 'plateu' used as a verb. But I looked it up in Dictionary.com and it is pretty common. I guess I don't read enough.

I always thought that "plateauing" meant reaching the highest level+stabilizing? The opposite would be "bottoming out"...?

HTSC

I am down under remember. Looks like a plateau down here.

I was intending the conotation of plateau meaning flat

got rate of $90.30 plus tax for bellagio. lowest i've ever seen

got rate of $90.30 plus tax for bellagio. lowest i've ever seen

Welcome to FT.

Care to share the source?

google >
http://www.google.com/search?client=safari&rls=en&q=$90.30+plus+tax+for+bellagio&ie=UTF-8&oe=UTF-8
> source >
http://74.125.93.104/search?q=cache:mn4Wc99zdRAJ:www.broadwaybox.com/lasvegas/hotels/bellagio_hotel.aspx+%2490.30+plus+tax+for+bellagio&cd=1&hl=en&ct=clnk&gl=us&client=safari