Hotel rates for the New Year’s Eve “America’s Party” celebration on the Strip are nearly three times as high as the average rates for the coming Christmas weekend.
Tourism
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More than a year before the Las Vegas Grand Prix, some hotel operators have already started charging hundreds of dollars more than a typical weekend fare.
Lids opened its two-story flagship store, at the Showcase Mall next door to MGM Grand, on Friday — making the 12,000-square-foot location its largest store yet.
The refreshed rooms in the Studio Tower (formerly known as the West Wing) at the MGM Grand are expected to be completed by the end of the year.
With millions of Instagram posts of Las Vegas casinos, including the most posted Bellagio fountains, the city’s resorts are getting a boost with little financial outlay.
Although the shortage of water could someday be a limiting factor, two gaming experts addressing NAIOP say Strip growth opportunities keep them bullish on what’s ahead.
The hotel-casino’s shopping district will span 90,000 square feet and feature around 35 “luxury retail concepts.”
New York-New York has begun a remodeling of 1,830 hotel rooms and 155 suites that designers say will give guests the feel of a New York loft apartment.
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
Randy Morton, the former co-CEO of Foley Entertainment Group and longtime Bellagio executive, joins former Raiders President Marc Badain at new south Strip project.
As some U.S. travelers adjust vacation plans amid high fuel costs and inflation, Las Vegas may benefit from pent-up demand and the destination’s value proposition, experts say.
While Southern Nevada hotel room rates run about 60 percent more than in July 2021, the American Hotel Lodging Association says gas prices will affect vacation decisions.
While visitation inches closer to prepandemic levels, resorts capitalized on big special events in April and had the highest room rates in the city’s history.
Memorial Day weekend will look more like a pre-pandemic unofficial start to summer, experts said, as millions of Americans prepare to travel.
The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.