The first-ever Las Vegas Super Bowl is expected to smash Strip nightly hotel room rate records set last November during the Formula One Las Vegas Grand Prix.
Add in the increased resort fee charges MGM Resorts recently applied to its Strip properties — costing guests an extra $37 to $50 a night — that no matter who wins Super Bowl LVIII between the Kansas City Chiefs and San Francisco 49ers on Feb. 11, gaming analysts believe the weekend will be a big win for major Strip resorts.
“Resort fees should drive upside,” Truist Securities gaming analyst Barry Jonas wrote in a Jan. 26 research note to investors. He suggested MGM’s mid-January move to increase resort fees between $2 and $6 nightly at its 13 Strip properties might entice other companies — namely Strip rival Caesars Entertainment — to follow along.
