The average daily hotel room rate in 2012 was $108. That may seem high but it includes all of southern Nevada including locals casinos and downtown Vegas casinos which are less expensive than the Vegas strip.
The company (Cosmopolitan) also reported an average daily room rate of $259, well above the $108 Southern Nevada average, and an occupancy rate of 85.6 percent for the year.
The $108 average represents room rates from weekends at the luxury properties, like Cosmopolitan, to mid-week rates at downtown Vegas casinos, like the D where I’ll be staying next week, which often run in the $30-$40 range.
The Vegas strip is split right down the middle with almost as many luxury resorts as mid-price hotel rooms. I have a couple of posts on which hotels have less expensive rooms in Vegas near the strip and on the strip.