Vegas Hotel Rooms Up 15% From 2014, Highest Since 2007

SLS Las Vegas Carpet - Vegas Hotel Rooms — SLS Las Vegas Carpet

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.

Furthermore

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!