While Las Vegas Grand Prix weekend room rates still lag behind last year’s rates, the market appears to have stabilized.
After surveying room rates for race weekend, Nov. 21-23, gaming analyst Truist Securities noted in a report last week that rates have seen a marginal improvement compared with its previous survey in September.
“We will be monitoring closely to see if any momentum is sustained,” the report issued Oct. 23 by Truist, stated.
The average three-night stay (Nov. 21-23) at nine MGM Resorts properties during race weekend as of Tuesday was $1,314.72 total, according to room rates advertised on the company’s website and compiled by the Review-Journal.
