Strip visitors seeking value, room bookings up from last year

When it comes time to blow horns and throw streamers at midnight Friday, all the tables will be taken at Alize at the Palms and Andre’s at Monte Carlo.

Only the first seatings at 6:30 p.m. have openings, said Joe Marsco, director of operations for Gastronomy Management Group, which owns both properties.

“We are seeing a lot more inquiries and reservations than we saw last year,” he said.

While the numbers might be up from a weak holiday a year ago, the tabs come closer to restraint than letting loose.

“I think people are still looking for a value-oriented experience,” Marsco said. “They are not denying themselves a good dinner or a bottle of wine, but they are not as opulent as three, four, five years ago.”

Gastronomy Management’s outlook for New Year’s Eve, year in and year out one of the city’s biggest draws, reflects that of many in the hospitality industry and a continuation of much of the past year.

More visitors might come to Las Vegas than in the bleak 2009 but with an eye toward value rather than splurging.

“Things are definitely better than last year, but that’s not saying much,” said Larry O’Brien, the master sommelier at liquor distributor Wirtz Beverage Nevada. “We are slowly climbing back out of a deep hole.”

The wine sales he oversees reflect a pattern of visitors demanding “fall-back brands that offer value and comfort” rather than prestige.

“The days of ‘I’ve got $200, so what can I spend it on that’s new and exciting’ are over,” he said.

At the hotels, few properties posted vacancies on their websites for Friday night alone, with more that require a two-night purchase. Surveys have shown rates about the same as last year, even though New Year’s Eve falls on a Friday instead of midweek. Normally, rates rise on any weekend, so the holiday premium has been reduced compared with last year, when New Year’s Eve fell on a Thursday.

“We are seeing a steady booking pace,” said MGM spokeswoman Yvette Monet, putting the Strip properties on a pace to be at or near capacity.

A check of the MGM reservation site showed Aria and Circus Circus having rooms for Friday alone, with MGM Grand, the Mirage and Mandalay Bay among those selling two-night packages.

For Friday night, Caesars Entertainment listed availability at the Flamingo, Harrah’s and Caesars Palace.

On Dec. 7, the company’s website showed a sellout at Caesars, while the Flamingo has dropped $20 to $255 since then, and Harrah’s has remained unchanged.

“Demand is strong for New Year’s Eve, and we look forward to entertaining more guests than last year,” Harrah’s spokeswoman Jacqueline Peterson said.

But not everyone is impressed with the numbers.

“In general, I’m a little surprised there are vacancies like this within the heart of the Strip with only a couple of days to go,” said Michael Zaletel, owner of the booking site. “So that kind of tells you that New Year’s Eve is not shaping up as the hotels had hoped.”

As recently as this week, had large numbers of customers shopping for a Friday arrival.

With more than half of its passengers coming from outside the U.S., often on once-in-a-lifetime trips to Las Vegas, Maverick Aviation Group has sold out its Grand Canyon tours.

Even though the company made adjustments during the year to stimulate demand for helicopter or airplane flights, said marketing director Bryan Kroten, Maverick did not need promotions to fill seats during the week-and-a-half surrounding Christmas and New Year’s.

“We wish there could be a lot more New Year’s Eves,” he said.

Contact reporter Tim O’Reiley at toreiley@review or 702-387-5290.

Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
President Trump’s tariffs could raise costs for real estate developers, analysts say
President Donald Trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in Las Vegas and other cities could get hit hard.
Las Vegas business and tariffs
Barry Yost, co-owner of Precision Tube Laser, LLC, places a metal pipe into the TruLaser Tube 5000 laser cutting machine on Wednesday, June 20, 2018, in Las Vegas. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Nevada Film Office Connects Businesses To Producers
The director of the Nevada Film Office discusses its revamped locations database and how it will affect local businesses. (Bailey Schulz/Las Vegas Review-Journal)
Opendoor isn't the typical house flipping company
Unlike most house flippers, the company aims to make money from transaction costs rather than from selling homes for more than their purchase price.
The Venetian gondoliers sing Italian songs
Gondolier Marciano sings a the classic Italian song "Volare" as he leads guests through the canals of The Venetian in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal)
Building In Logandale
Texas homebuilder D.R. Horton bought 43 lots in rural Logandale. (Eli Segall/Las Vegas Review-Journal)
Indoor farming in Southern Nevada
Experts discuss Nevada's indoor farming industry. (Bailey Schulz/Las Vegas Review-Journal)
Former Fontainebleau could have become a Waldorf Astoria
Months after developer Steve Witkoff bought the Fontainebleau last summer, he unveiled plans to turn the mothballed hotel into a Marriott-managed resort called The Drew. But if Richard “Boz” Bosworth’s plans didn’t fall through, the north Las Vegas Strip tower could have become a Waldorf Astoria with several floors of timeshare units. (Eli Segall/Las Vegas Review-Journal)
LVCVA CEO Rossi Ralenkotter announces plans to retire
Rossi Ralenkotter, CEO of the LVCVA, on Tuesday confirmed a Las Vegas Review-Journal report that he is preparing to retire. Richard N. Velotta/ Las Vegas Review-Journal
Cousins Maine Lobster to open inside 2 Las Vegas Smith’s stores
Cousins Maine Lobster food truck company will open inside Las Vegas’ two newest Smith’s at Skye Canyon Park Drive and U.S. Highway 95, and at Warm Springs Road and Durango Drive. Cousins currently sells outside some Las Vegas Smith’s stores and at Fremont Street and Las Vegas Boulevard. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas home prices to continue to rise, expert says
Lawrence Yun, chief economist at the National Association of Realtors, gives homebuyers a pulse on the Las Vegas housing market. (Eli Segall/Las Vegas Review-Journal)
NV Energy announces clean energy investment
The company is planning to add six solar projects in Nevada, along with the state's first major battery energy storage capacity. Bailey Schulz/Las Vegas Review-Journal
3 Mario Batali restaurants on Las Vegas Strip to close
Days after new sexual misconduct allegations were made against celebrity chef Mario Batali, his company announced Friday that it will close its three Las Vegas restaurants July 27. Employees of Carnevino Italian Steakhouse, B&B Ristorante and Otto Enoteca e Pizzeria, all located in The Venetian and Palazzo resorts, were informed of the decision Friday morning. Bastianich is scheduled to visit the restaurants Friday to speak to employees about the next two months of operation as well as how the company plans to help them transition to new positions.
Nevada has its first cybersecurity apprenticeship program
The Learning Center education company in Las Vegas has launched the first apprenticeship program for cybersecurity in Nevada. It was approved by the State Apprenticeship Council on May 15. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas union members voting to authorize the right to strike
Thousands of Las Vegas union members voting Tuesday morning to authorize the right to strike. A “yes” vote would give the union negotiating committee the power to call a strike anytime after June 1 at the resorts that fail to reach an agreement. (Todd Prince/Las Vegas Review-Journal)
Small businesses struggle to find qualified candidates
A 2018 survey found that over two-thirds of small businesses in Nevada find it somewhat to very difficult to recruit qualified candidates. Bailey Schulz/Las Vegas Review-Journal
News Headlines
Add Event
Home Front Page Footer Listing
You May Like

You May Like