Las Vegas Hotel Rates Slowly Begin to Fall
Las Vegas hotel rates on the Strip have shown a steady decline through 2025, despite marketing efforts by the Las Vegas Convention and Visitors Authority (LVCVA) to counter the city’s growing reputation for high prices. According to a recent report from Truist Securities, the ongoing promotional campaigns have had only a modest effect on reversing weakening demand. The firm’s latest survey found that average daily rates across the Las Vegas Strip fell about 5 percent year-over-year. The decline was more pronounced for major resort operators, with room prices down 7 percent at MGM Resorts International properties and 17 percent at... The post Las Vegas Hotel Rates Slowly Begin to Fall appeared first on This Week in Gambling.
Las Vegas hotel rates on the Strip have shown a steady decline through 2025, despite marketing efforts by the Las Vegas Convention and Visitors Authority (LVCVA) to counter the city’s growing reputation for high prices. According to a recent report from Truist Securities, the ongoing promotional campaigns have had only a modest effect on reversing weakening demand. The firm’s latest survey found that average daily rates across the Las Vegas Strip fell about 5 percent year-over-year. The decline was more pronounced for major resort operators, with room prices down 7 percent at MGM Resorts International properties and 17 percent at...
The post Las Vegas Hotel Rates Slowly Begin to Fall appeared first on This Week in Gambling.
