Las Vegas Grand Prix weekend Strip room rates dip further

Las Vegas Grand Prix weekend Strip room rates dip further

Article brief provided by Las Vegas Review-Journal
  • Mick Akers, Las Vegas Review-Journal
November 9, 2023 8:47 PM
  • Mick Akers, Las Vegas Review-Journal

Formula One Las Vegas Grand Prix weekend room rates on the Strip continue to decrease one week out from the inaugural race.

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In a little over a year some room prices the Las Vegas Review-Journal has been tracking at four Caesars Entertainment properties have fallen as much as 75 percent leading up to race weekend Nov. 16-18., since first posted in November 2022.

It is not out of the ordinary for the average rate to go down if the booking pace has slowed down, according to Dr. Mehmet Erdem, professor of hotel operations and technology at UNLV’s William F. Harrah College of Hospitality.