With consumer confidence jittery, especially after a record-breaking shutdown of the federal government, Las Vegas resorts have taken a measured pricing strategy into next week’s Formula One Las Vegas Grand Prix and for Thanksgiving stays the week after.
A Review-Journal survey of hotel prices for those two events showed that hotel stays during the F1 race won’t be as pricey as the past two years.
While resort companies generally don’t comment on their pricing strategies, it’s likely that uncertainties surrounding the 43-day shutdown and how it was affecting travel through major U.S. airports resulted in lower prices at hotels near the 3.9-mile course that includes the Las Vegas Strip.
