Las Vegas: Strip room rates soaring for Formula One race

Thursday, November 3, 2022 2:17 PM
  • McKenna Ross , Las Vegas Review-Journal

Formula One vehicles haven’t even placed a tire on Las Vegas’ roadways, but hotel operators are already eager to cash in on the event, which takes place Nov. 16-18, 2023.

As of Wednesday afternoon, the lowest price available for a Thursday through Sunday stay was $752 per night at The Linq Hotel — not including taxes and resort fees. Room rates at Caesars Palace were the highest at $1,519 per night.

Caesars Entertainment Inc. opened its booking portal on Monday for that weekend.

CMTC email web

MGM Resorts International said it will open its booking calendar on Thursday that will include November 2023. The company’s website advertises the race and event dates on its home page, encouraging visitors to join MGM Rewards for special room and ticket packages. In August, MGM CEO Bill Hornbuckle said the company was buying $20 million to $25 million worth of tickets to the race.