With 130,000 available hotel rooms (148,978 Nye County and Laughlin) you can think of a "deal". Most likely you are wrong! Finding a "bargain" in a city working near the core of Resort's property is becoming increasingly difficult. Why not? Because the top resort is controlled by a select group of companies that have no incentives for discounts.
Vegas Supply and Demand Law
Take a moment to look at the "Supply and Demand" law. When supplies are high and demand is low, prices fall. Vegas is a bumtown city, demand is high and supply is low. How can this be with 130,000 rooms? The answer is simple: 30 million visitors a year and growing! In fact, the growth rate is so phenomenal that Mega Resorts has thousands of Mandalay Bay (43 stories with $ 375 million Spa Tower with 1120 Suite completed in December 2004) and Venice (currently expanding) and more than $ 2.4 billion worth of Wynn Las Vegas (opened 2005). adds the room to the Heart of the Strip. Thus, the phenomenon is also the beginning of the work of Public Financiers like Donald Trump. Demand for rooms exceeds demand, so prices go up!
According to a report published on USA Today, July 30, 2004, Trump's plans include a 64-story hotel and condominium tower to be built at the Wynn Las Vegas Resort and the Frontier Hotel property next to the Fashion Show Mall.
The $ 300 million project, set to be built in 2005, will include 1,000 hotel rooms and 50 luxury living models modeled after the Trump International Hotel and the New York Tower. There will be no Casino on the property.
Only 10% of Las Vegas Hotels are booked online
In a number of articles I have published in various business journals this year, the actual booking rate for hotels that offer online services to hotel guests by hotel industry analysts is 10%. I believe this is an accurate representation of Las Vegas. (Our company operates a number of sites offering hotel booking, and these numbers are appropriate for us).
Further evidence: "Only 10 percent of our rooms are booked at Hyatt.COM," said Gary Gotling, director of sales and marketing at Hyatt Regency Tampa.
This means that you use the Internet to collect 90% of your data, but do not book online! Traditional travel agents and phone calls are still the preferred method for booking. The Internet is used as a source of data collection and much less. Great players know this and use it to their advantage. There is no incentive to offer lower prices if your customers do not use them. I will briefly address the issue of room tax that most local governments hate the internet because the rooms that are ordered online at the expense of state interests cut down the existing tax pools. Expect local government officials to act quickly on this issue.
So where does your money go when ordering online?
If you search Vegas.com you will find that they belong to the Greenspun Media Group (Henderson, NV), which publishes the Las Vegas Sun Daily Newspaper and owns Vegas Magazine, Showbiz Weekly, Business, Las Vegas Weekly, VegasGolfer, Las Vegas. Life and Ralston Report. Greenspun Media is also part of the Greenspun Corporation, which owns Channel 25 UPN, a local channel. Greenspun is a partner in the Las Vegas ONE, a broadcaster that broadcasts all news. American Nevada, Greenspun Corporation's real estate division is one of the most well-known commercial and residential developers in the Las Vegas Valley. Their annual advertising budget surpasses 7 figures! Someone has to pay for this ad.
You can try the popular LasVegas.com site with an interesting and versatile history. The site was licensed in 2002 by the Littlerock Arkansas Stephens Media Group (Las Vegas Review Journal, Hawaii.com) to the Mandalay Resort Group and Parkplace Entertainment Group. Continue Now – 2004 Park Place became Caesars Entertainment, which in turn was bought by Harrah's Entertainment. The agreement came one month after MGM / Mirage agreed to acquire the Mandalay Resort Group. Need a room with a strip? Hmmm – I think the price will be pretty consistent! Imagine you could own LasVegas.com by the end of 1997!
IAC (InterActiveCorp) operated by Mega Financier Barry Diller is an online travel booking agency
· Expedia.com Vacations
· Vegas Packages of Expedia
Note (s): Expedia is the only online travel booking for 3rd party internet based booking agencies. But the fragments of their common "order paste" are still very small. Mr. Diller also oversaw the purchase of Ask Jeeves for just $ 1.85 billion. Don't expect room prices to go down anytime soon.
Owned by Saber Holdings Corp:
Travelocity – # 3 in Travel Orders
Note: Saber has become a "Big Player" in the Travel Agent industry, since most Travel Agent computers are linked to booking systems. # 3 behind Travelocity Expedia and Orbitz (now owned by Cedant Corp.)
Cedant Plant is the best Hotel Franchise in the world with over 6,400 locations and with world-class owners or franchises:
· Orbitz – Traveler # 2
FYI – Cadant also owns Avis & Budget Rental Car, Fairfield Resort, timehare Resort, Cheap Tickets.com and Coldwell Banker 21st Century and Real Estate Franchises.
So where does this leave you? I suggest you read the following tips as soon as possible.
Fast Tips for Vegas Visitors on a Budget?
You probably think I would suggest visiting in the "off season". Don't do it! August temperatures often exceed 110 degrees – and the temperature is not the heat released from concrete and asphalt. No, I suggest you do something simpler – stay away from the strip! Car rental is cheaper when comparing them to the higher prices of the On Strip Mega Resorts. Try a hotel in Henderson or Summerlin. I would recommend small resorts like SunCoast or New Orleans.
Get a rental car and park at Excalibur, New York New York or Fashion Show Mall (It is covered and very reliable). Click on Internet ads and see what's available. 90% of rooms are booked, but not completely booked hotels! Click on these ads! I once stayed at Fiesta Henderson for 3 nights a night for $ 29.95 and gave a suite with 2 queen rooms! I found this bargain on the Internet! In fact, when I tried to get a better deal at the hotel, they told me to order online! Usually on weekdays, but use the corporate apartment as it is available on weekends when business travelers return home. Visit the websites of the hotels you want to stay in and sign up for their email promotions (use a free address like Hotmail for this purpose) to get offers that are sent directly to you before you travel. Ask at the table when you sign in for any additional items or suggestions offered to guests. Asking to sit in a window on an airplane is something you can't buy if you don't want to. And my last recommendation is Fashion before Form – pack your local shoppers and bottles with the most comfortable walking shoes. Enjoy before booking!