The average daily hotel room rate (ADR) in Las Vegas was $134 in March. 93.4% of hotel rooms available were occupied by people who paid or got the room for free from a players club offer. If you look at the chart there has been a huge spike in both occupancy and ADR this year.
Expect room rates to continue to soar in the short-term. Delano Las Vegas, SLS Las Vegas and The Cromwell can’t open their hotel rooms soon enough. Hopefully the flood of hotel rooms will keep room prices stable.
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