Las Vegas lost almost 300 cheap hotel rooms when Bill’s Gambling Hall closed in February. The plan was to replace it with a ultra-cool-young-hip-celebrity-friendly boutique hotel. Caesars Entertainment did that by partnering with Gansevoort and Victor Drai for the new Gansevoort Las Vegas.
As with every new casino Gansevoort Las Vegas will open with prices starting at the top of the market, currently $249, and why not? Last year at G2E a rep from MGM Resorts said that across all of their properties room occupancy is at 90% or more. Cosmopolitan says that they’re regularly almost at 90% capacity. Room rates will continue to rise with increased visitation. Last year I wrote about that the low rates at luxury hotels in Las Vegas were nice while they lasted but things are changing.
Don’t worry there are still plenty of hotel rooms on the Vegas strip (let alone downtown and off strip) that can be had for as low as $20 a night. Of course, you get what you pay for. Here are the least expensive hotels on the Vegas strip.
- Best Western at Casino Royale
- Circus Circus
- The Mirage
- Monte Carlo
- New York New York
- The Quad
- Treasure Island
There are almost as many luxury hotel rooms on the Vegas strip as there are non-luxury hotel rooms. Las Vegas hotel room rates will continue to rise as demand increases with the better economy. The excess room supply that hurt Las Vegas during the recession will allow overall room rates to remain relatively stable in the future.
For the most part you get what you pay for in Las Vegas and you won’t get the same quality amenities at these hotels as you would at new and/or luxury hotels. This list is a great place to start if you’re looking for hotels with less expensive prices on the Vegas strip. If you’re looking to save even more money look away from the strip. Check out the list of cheap places to stay in Las Vegas.
For now…VIVA LAS VEGAS!
Photo: Las Vegas Guide