Prices for Vegas hotel rooms are booming.
..the month’s average daily room rate of $136.02, up 15.1 percent from a year ago, was at its highest level since the Great Recession.
Strip rates were up 13.1 percent to $145.80 while downtown rates climbed 2.8 percent to $64.62.
Visitation to Las Vegas inched up slightly in January…Monthly visitation hit 3.4 million, just 0.1 percent ahead of January 2014.
2014 had a record number of visitors to Las Vegas and that trend is expected to continue in 2015.
More visitors in Vegas and less rooms available (with Riviera closing) is a recipe for higher hotel prices. (don’t forget to add resort fees, here’s a good list).
Happy New Year!