Formula One’s parent company recently acquired a hospitality company that will enhance the VIP experience at the Las Vegas Grand Prix.
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Several Strip-area businesses want Formula One Grand Prix officials to address revenue losses that stem from months of race-related road work.
Small businesses affected by Formula One traffic issues got a small victory with a bridge removal but may not see compensation for their financial losses.
Just hours after the Nov. 18 Grand Prix concluded, MGM said it would move swiftly to get the area in front of its properties back to normal before Christmas.
As the Strip got back to its usual bumper-to-bumper traffic, resort executives said Formula One’s Las Vegas Grand Prix went better than they had hoped.
MGM exec Andrew Lanzino says of Bellagio Fountain Club, “We wanted it to and live up to the Bellagio namesake, knowing all of this has to disappear and go back to normal.”
Hotel room rates on the Strip are some of the lowest they’ve been for last-minute travelers to the Formula One Las Vegas Grand Prix.
Several resort operators are using incentive programs, including the chance to win luxury cars, to encourage their staff to work during the Las Vegas Grand Prix.
The Formula One Las Vegas Grand Prix is one of the top selling events this year globally on secondary ticket marketplace StubHub, while hotel room rates have stabilized.
The effects range from canceled reservations to concerns about how customers will access the restaurants during next weekend’s Formula One Las Vegas Grand Prix.