Hotel room rates are increasing around Las Vegas from $45 a night to plus-$50 a night. This is happening as resort fees at Rio All-Suite Hotel and Casino, as well as older, more affordable hotels off the Las Vegas Strip increase from their going rate of $32 a night to $35. This means that if you add tax, the room’s price will come down to $51.02 a night. For instance, Caesars Entertainment Corp., in addition to other chain resorts, raised their nightly rates, including MGM Resorts’ Bellagio. Moreover, Wynn and Encore have increased their prices to $45 excluding tax earlier this year. Many attribute the trend in increasing rates to the Venetian and Palazzo, sister all-suite hotels on the Strip, when they increased rates to $45 back in 2018.
It is worth mentioning that the increase in rates was implemented a couple of months after the CEO of Caesars Entertainment told Wall Street analysts that “rising resort fees are something the chain needs to be a little bit cautious about,’’ while he mentioned during the company’s quarterly earnings conference last Augusts that “resort fees are a revenue stream that’s hard to walk away from.’’
Resort fees, defended by casinos and hated by tourists
Las Vegas resort fees are often defended by casinos as affording guests amenities such as in-room and resort-wide Wi-Fi, local and toll-free calling, gym, boarding pass printing, and other services. The fees continue to increase as Las Vegas visitors lash back on social media at raising rates. Jaimie Black, who is planning to drive up from Los Angeles soon and has done extensive research looking for a place to stay around the valley, said “unlike at Sands’ Venetian and Palazzo, and the two Wynn Properties, Caesars charges for both self and valet parking. Such luxuries are included at the Sands and Wynn resorts. MGM also charges for parking,” he added
“Resort fees – sometimes disguised as a “destination fee,” “venue fee,” “concession fee,” “amenities fee,” and “facilities fee” – “all come down to greed.”
A new Legislation was introduced to Congress last month requiring hotels to include all fees in the advertised price of the room, inclusive of all mandatory add-on-charges like resort fees. “Consumers should be able to enjoy their vacation without being ripped off and financially burdened,” bill sponsor Rep. Eddie Bernice Johnson (D-Texas) said.
“This bill would require that the prices advertised by hotels and online travel agencies must include all mandatory fees that will be charged to a consumer, excluding taxes.”