Is it better to Book Vegas Hotels on Saturday(today) or on a Weekday?
Started by Remy1911 on Saturday, 2nd March 2013 5:49 pm
I found a decent room at the Flamingo last night at #97 avg per night for a 2 nights stay on a Wed and Thur for March Madness. Today the same rooms have gone up to $120 avg per night. Should I jump on these now while the price seems to be climbing or will the prices go back down on Monday or Tuesday? Thanks for whatever help you can give.
-Remy
Skywise responded on Saturday, 2nd March 2013
The price probably won't go back down - it's not so much a weekday/weekend thing it's that the prices generally go up the closer you get to the date you're trying to book.
As the date gets closer the hotels will revise their rates depending on how much spare capacity they have. As the rooms fill up, the rates go up. The rates can also go down (if a convention gets cancelled) but that's generally rare.
On the flip side, the price probably won't go up again for another week yet so you can hold off til Monday/Tuesday to see if they do go back down (but they probably won't).
jinx73 replied on Monday, 4th March 2013
Skywise is right on here, with Total Rewards, you may see some variance between now and then, but for the most part, the lowest rates seemed to hit about 2 weeks ago, as I keep an eye on them and am going about the same time. You occassionally will see something drop heavily for Caesars properties 2-3 day before a trip, so keep an eye on things and good luck.
Remy1911 responded on Saturday, 2nd March 2013
Thanks! Kicking myself for not booking when it would have been about $100 cheaper, but ya snooze you lose I guess. Just thought it was crazy that a room at Circus Circus cost $119 for a Wed. night. Seems insane to me for something like that, but that happens sometimes.
Heresiarch responded on Monday, 4th March 2013
I spent about a year charting prices out two months, and I noticed prices did fluctuate both up and down. They'll go up when reservations climbs higher than expected, and drop if reservations aren't where the casino was expecting. Cancelled conventions can do this but that's pretty rare -- much more common is groups that have blocks of rooms cancelling, or adding in new blocks.
Just because you see prices go up doesn't mean they'll continue climbing; it's better to treat it like the stock market: the new price is the hotel's best estimate of what they can get for that room this week. Prices will slowly go up until the last minute, at which point they'll drop (if there's a lot of rooms available).