LAS VEGAS (KLAS) – As Las Vegas kicks off another massive weekend of events, it looks like an uptick in tourism is driving up prices for everyone.
It was easy to see on Friday that the city was packed and as popular as ever as thousands head to town for events like Life is Beautiful.
“It’s really, really expensive,” one tourist told 8 News Now.
However, it turns out the prices are also out of this world, as many complain about hard-to-swallow hotel rates.
“The prices have gone up crazy,” said fellow tourist Francisco Aguayo.
Vegas.com showed shocking prices on Friday, from around $331 a night at the Circus Circus Hotel & Casino, to places like Wynn and Encore Las Vegas at over $1,000.
“They go up when demand is high,” said Jonathan Fine, owner of Fine Entertainment Management. “And they lower their rates when supply is high.”
Fine told 8 News Now the numbers aren’t ideal, but he calls them a sign of a booming economy that has officially rebounded since the pandemic began.
“You listen to everyone saying the economy is in shambles,” Fine said. “But room prices are crazy because demand is high.”
Still, many told 8 News Now that it was truly breaking the bank, with a lack of options or even deals to cut costs.
“They had a lot of deals in Las Vegas in particular,” recalls one tourist. “Like if you go to the casino, the hotel is really cheap, but that’s not the case right now.”
Those who spoke with 8 News Now said they hoped to see things even here in Las Vegas sooner rather than later.
“It’s still wild, yes,” Aguayo concluded.
8 News Now also spoke to some people who said they could get reasonable room rates but booked them up to six months in advance.
Many said they also chose Airbnb over hotels because of price and availability.
Comments are closed.