How Much Does Your Las Vegas Hotel Room Really Cost?
Have you ever wondered how much your hotel room is going to cost? This isn't a joke, I'm serious! From the time you book to the time you leave, how much money are you going to have to give a hotel to stay there. Much like the airline industry, Las Vegas hotels have been subtracting services and adding fees to maximize their revenue streams. They've also been hiding resort fees to maintain the appearance that hotel rates are competitive, when in actuality, they aren't.
In an effort to find out how much one night in a Las Vegas hotel room is going to cost, we priced out three day averages of 16 different four and five star hotel offerings via hotel room rate aggregator Kayak.com to come up with a hotel room fee breakdown. Days picked were for an identical three night long weekend trip - Thursday arrival, Sunday departure.
We've gathered data for the following required metrics to come up with a Las Vegas hotel room fee breakdown:
Room Rate - a three day average for identical three night long weekend trip - arriving Thursday, departing Sunday. (Required)
Resort fee - the daily fee of many names (including tax) levied by hotels upon check in, usually not included in market prices or paid for when making reservations. (Required)
Tax - at the standard rate of 12%. (Required)
Early Check In - fee levied by hotel to check in before standard check in time. (Optional)
Late Check Out - fee levied by hotel to check out after the standard check out time. (Optional)
Higher Floor Upgrade - this can either be a fee for high floor preference OR the price difference between lower floor and higher floor room types. (Optional)
We've plotted the top 16 hotels data in a simple line graph to illustrate how resorts price their hotel competitively. The Room Rate (green) is generally what you see when you book via travel retailers but the vertical the black line is what the actual booking cost is. Everything to the right of the vertical black line are optional costs, added on by guest preference.
The order, from lowest to highest is Golden Nugget, Planet Hollywood, THEhotel, ARIA, Caesars (Forum), Bellagio, Palazzo, Venetian, Cromwell, Mandarin, Wynn (Resort), Encore (Resort), Cosmopolitan (Terrace Studio), Four Seasons, Wynn Tower Suites and then Encore Tower Suites.
Looking at the Las Vegas hotel room fee breakdown data is pretty amazing... Aria seems underpriced for being one of the newest hotels on The Strip - being bested by Caesars Forum tower? Is ARIA's depressed pricing about low demand driving down market price or...? The new kid on the block, The Cromwell is priced higher than Aria, Venetian, Palazzo AND Bellagio! Another unexpected result, the Four Seasons is besting Mandarin Oriental by a wide margin... perhaps this is another example of City Center-itis? Is it safe to say that the top tier paradigm of Wynn, LVS, Bellagio has been toppled? Not completely, Wynn and Encore Tower Suites stills sit at the top of the pricing pyramid - and do it on rack rate alone without resort fees.
So how much does your hotel room really cost?
For the non fussy traveler who can live with a view of HVAC ducts and checks in/out within the required time, their Room Rate will consume 84% of their total cost, resort fees 6% and taxes 11% of your hotel room cost.
Suppose you want that impressive view? You can expect to add $31.11 per night to your bill across the board, which for a three day trip is an extra $100, a number which makes "The $20 Trick" somewhat sensible option for the cheap skate. However you shouldn't bribe front desk operators until you're sure you don't have to.
Need to check in early? Stayed out late and need a few hours to get your shit together? Those will cost you $30 per.
Lots of interesting information to glean from this data visualization.
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