Posts Tagged ‘Health’

Las Vegas Is Booming: Why It’s So Hard To Find A Good Deal On A Hotel Room!

November 23rd, 2022

With 130,000 available hotel rooms (148,978 if you throw in Nye County and Laughlin) you might think there would be a “Deals” to be found. You would most likely be wrong! Finding a “deal” in a city whose Major Resort properties run near capacity is becoming increasingly difficult. Why? Because the top resort properties are controlled by a select group of companies that have no incentive to discount.

Vegas’ Law of Supply and Demand

Consider for a moment the simple law of “Supply and Demand”. When the supply is high and the demand is low the prices drop. Vegas is a boomtown, the demand is high and the supply is low. How could that be with 130,000 rooms? The answer is simple: 30 million annual visitors and growing! In fact the growth rate is so phenomenal that Mega Resorts like Mandalay Bay (43 story $375 million Spa Tower featuring 1,120 Suites completed in December 2004) and The Venetian (currently expanding) and the recently completed $2.4 Billion Wynn Las Vegas (Opened April 2005) are adding thousands of rooms to the “Heart of the Strip”. So phenomenal is the growth that even out of State Financiers like Donald Trump are getting in on the action. The Demand for Rooms is exceeding the supply so the prices are rising!

According to an interview published July 30, 2004 in USA Today Trump’s plans include a 64-story hotel-condominium tower to be built on a portion of the Frontier Hotel property across from the Wynn Las Vegas Resort and next to the Fashion Show Mall.

Scheduled to begin construction sometime in 2005 the $300 million project will feature 1,000 hotel rooms, and 50 luxury residential units modeled after the Trump International Hotel and Tower in New York. There will be no Casino on the property.

Only 10% of Las Vegas Hotels are Booked Online

In several articles I’ve researched this year published in various Business Journals and by Hotel Industry analysts the actual booking rate for Hotels offering online services to their visitors is approximately 10% Nationwide. This I believe to be an accurate representation of Las Vegas as well. (Our company runs several websites offering Hotel Booking and these numbers are in line with our own).

Las Vegas, Nevada – General Information

April 22nd, 2022

Las Vegas is a U.S. city in the middle of the desert, in Clark County in the state of Nevada. The Mormons founded the city in 1855 which became an agricultural village in the early twentieth century

Thanks to liberal laws in relation to games of the State of Nevada, the city is known worldwide for its casinos and hotels. Because of the huge hotel capacity of the city (currently over 120,000 hotel rooms), it is also a place of choice for the organization of major conferences. Las Vegas is also the temple of shopping, especially with its large shopping centers (the Fashion Show Mall for example, located on the Strip)

Las Vegas is also known as Sin City (the city of sin) because of gambling, adult entertainment and because prostitution is legal in neighboring counties. But local authorities decided in 1989 to diversify the city to a family clientele and consensus with the addition Circus Circus and Excalibur.

The casinos and attractions have multiplied as well as related services. Population growth has followed a strong stead pace, which poses some problems of infrastructure. It is the most attractive city in the country, with large tourist attracting hotels, displays and shows. Las Vegas tourism is centred around “the Strip” which is a strip of road which is home to all the world renown hotels and casinos. Las Vegas is also the prime location for parties as numerous celebrities and professional athletes frequent the upscale night spots on a regular basis. As advertised people love to go to Vegas to party and like their motto says “what happens in Vegas stays in Vegas”.