With 130,000 available hotel rooms (148,978, if you throw in the Ney and Loughlin districts), you might think there will be "deals". You would probably be wrong. Finding a "bargain" in a city whose big resorts are close by is increasingly difficult. Why? Because the best properties of the resort are controlled by a group of companies that have no incentive to discount.
The Vegas Supply and Demand Act
Take a moment to look at the simple law of Supply and Demand. When supply is high and demand is low, prices fall. Vegas is a boom city, demand is high, and supply is low. How could there be 130,000 rooms? The answer is very simple. 30 million visitors a year and growing. In fact, the pace of growth is so phenomenal that Mega Bay like Mega Resorts (43 stories at $ 375 million with Spa Tower featuring 1,120 Suites completed in December 2004) and The Venetian (currently expanding) and recently completed 2, $ 4 billion from Wynn Las Vegas (opened in April 2005). Thousands of rooms add "Heart of Layer". The growth is so phenomenal that even out-of-state funders like Donald Trump start to act. Room demand exceeds supply, so prices go up.
According to an interview in the US on July 30, 2004, Trump's plans include a 64-storey condominium tower to be built on a portion of the Frontier Hotel next to Wynn Las Vegas Resort and Fashion Show Mall next to.
Planned to begin construction sometime in 2005, the $ 300 million project will feature 1,000 hotel rooms and 50 luxury residential units modeled after New York's Trump Hotel and Tower. There will be no casino on the property.
Only 10% of Las Vegas hotels are booked online
Several articles I've reviewed this year, published by various business journals and hotel industry analysts, have actually booked about 10% worldwide for hotels offering online services to their visitors. This is, I think, an accurate representation in Las Vegas as well. (Our company operates several hotel booking sites and these numbers correspond to ours).
Further proof. "Only about 10 percent of our rooms are booked on Hyatt.COM," says Gary Gottling, Sales and Marketing Director at Hyatt Regence Tampa.
This means that 90% of you use the Internet to gather information, but in reality your reservation is not done online. Traditional tourism agents and phone calls are still the preferred method of booking. The Internet is used as a source of information, and a little more. Great players know this and use it to their advantage. Again there is no incentive to offer lower prices if your customers do not use them. I will briefly touch on the issue of room taxation, saying that most local governments hate the internet, as rooms booked online out of state interest are being diverted to their available tax pool. It is expected that local government officials will act sooner than in this matter.
So where does your money go when you go online?
If you search Vegas.com, you will find that they belong to Greenspun Media Group (Henderson, NV), which publishes the Las Vegas Sun Daily newspaper and owns Vegas Magazine, Showbiz Weekly, Business, Las Vegas Weekly, VegasGolfer, Las Vegas Life, and The Ralston Report. Greenspun Media is part of Greenspun Corporation, which also owns 25 local UPN channels. Greenspun is a partner in one, all-news cable channel in Las Vegas. Nevada American, The Greenspun Corporation's real estate division, is one of the most popular commercial and residential developers in the Las Vegas Valley. Their annual advertising budget exceeds 7. Someone has to pay the price for all that advertising.
You can try the popular site, LasVegas.com, which has an interesting and told story. The domain name was licensed in 2002 from Stephens Media Group of Litlerok, Arkansas (Las Vegas Review Journal, Hawaii.com) to Mandalay Resort Group and Parkplace Entertainment. Follow on: In 2004, Park Place became Caesars Entertainment, which in turn bought Harrah's Entertainment. The deal came just a month after MGM / Mirage agreed to acquire Mandalay Resort Group. You need a room on the strip. Hmmm – I think the pricing will be pretty consistent. And to think that in 1997 you could own LasVegas.com.
IAC (InterActiveCorp), run by Mega Financier Barry Diller, operates online travel booking agencies.
Expedia Vegas Packages
Note (s): Expedia generally reserves online travel for third party internet based booking agencies. But their piece of the general "fixing pie" is still very small. Mr. Dealer also oversaw the recent acquisition of Ask Jeeves for just $ 1.85 billion. Don't expect the prices of these rooms to drop anytime soon.
Saber Holdings Corp owns.
Travel travel – # 3 travel reservations
Note: Saber was a "big player" in the travel agent industry as most Travel Agent computers were connected to their booking systems. Travelocity is behind Expedia and Orbitz 3 (now owned by Cedant Corp.).
Cedant Crop is the highest rated Franchiser hotel in the world with more than 6,400 seats and has or is a privilege.
· Orbitz – 2 for travelers # 2
FYI – Cadant also owns Avis & Budget Rent A Car, Fairfield Resorts, Cheap Tickets.com and Century 21 and Coldwell Banker real estate franchises.
So where does that leave you? I would recommend reading the following tips quickly.
Quick tips for a Vegas visitor on a budget.
You may be thinking that I would suggest an "off-season" visit. Don't do that. August's temperature often exceeds 110 degrees Celsius, and it's the air temperature, not the concrete and asphalt. No, I would suggest you do something much simpler. Stay out of the zone. Renting a car is cheap when you compare it to the top quality "Top Strip" Mega Resorts at the best "On Strip" prices. Try a hotel in Henderson or Summerlin. I would recommend smaller resorts like SunCoast or Orleans.
Get a rental car and park behind Excalibur, New York, New York or the Fashion Show Mall (it's covered and very secure). Click Internet advertising and see what's available. Although 90% of the rooms are by age, hotels that are not fully registered actually advertise. Click these ads. Once, I stayed at Fiesta Henderson for $ 29.95 a night for 3 nights in a row and had a set for two queens. I found this deal through internet advertising. In fact, when I called the hotel to try and get a better deal, they said I should book online. Try corporate housing as it is usually full on weekdays, but available on weekends when business travelers return home. Visit hotel sites you might want to stay in and subscribe to their email ads to get direct offers before your trip (use a free address like Hotmail for this purpose). Ask at the desk when accessing any other offers or offers available to guests. Asking for a window seat on an airplane is like asking if you don't get it. And my last advice is Form Before Fashion: Bring your most comfortable walking shoes and collect bottled water at a local grocery store before you enter. Enjoy!