If 130,000 hotel rooms are available (148,978 in Nye County and Laughlin), you can think of "offers." It would probably be wrong! It is becoming difficult to find a deal in a city. Why? Because top resort properties are controlled by a certain group of companies that have no discount incentive.
Vegas The Law of Supply and Demand
Consider for a moment the simple law of "Supply and Demand". When supply is high and demand is low, prices go down. Vegas is boomtown, demand is high and supply is low. How could that be with 130,000 bedrooms? The answer is simple: 30 million visitors a year and more! In fact, the growth rate is huge as Mega Resorts like Mandalay Bay (43 stories worth $ 375 million Spa Tower completed in December 2004 with 1,120 suites) and The Venetian (currently expanding) and recently completed $ 2.4 million Wynn Las Vegas (opened April 2005) is adding thousands of rooms to "The Heart of the Band." So the phenomenon is growing from financial states like Donald Trump to action. Demand for rooms is exceeding supply, so prices are rising!
According to an interview with USA Today on July 30, 2004, Trump & # 39; s plans include a 64-story hotel condominium tower on a Frontier Hotel property located next to Wynn Las Vegas Resort and Fashion. Show Mall.
Beginning with the construction of several projects in 2005, the $ 300 million project will include 1,000 hotel rooms, and 50 luxury residences designed after the Trump International Hotel and Tower in New York. No casino will be owned.
Only 10% of hotels in Las Vegas book online
This year I researched several business journals and in several articles published by Hotel Industry analysts, the hotel booking rate for online visitor services is approximately nationally high. I also think this is an accurate representation of Las Vegas. (Our company manages several websites that offer Hotel Booking and these numbers are ours).
Further proof: "Only about 10 percent of our rooms are on Hyatt.COM," said Gary Gotling, sales and marketing director for Hyatt Regency Tampa.
That means 90% of the information you are using is on the Internet, but you are not making your reservation online! Traditional travel agencies and phone calls are the best method of booking. The Internet is being used as a source of information, and more. Great players know this and take advantage of it. Again, you have no incentive to offer the lowest rates if your customers are not taking advantage of it. I will briefly discuss the issue of room taxes, saying that local governments hate the internet because of the state's interest in making online rooms available at the tax warehouse. Expect local government officials to play this issue sooner rather than later.
So where do you go when booking money online?
If you search Vegas.com, you will find that the Greenspun Media Group (Henderson, NV) is the publisher of 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 owns 25 local channels on UPN. Greenspun is a member of ONE Las Vegas cable news channel. American Nevada, a real estate division of Greenspun Corporation, is one of the most popular commercial and residential developers in the Las Vegas Valley. The annual advertising budget exceeds 7 figures! For all the advertising, someone has to pay the price.
You can try the popular LasVegas.com website with an interesting history and warehouse. The site was licensed in 2002 by Stephens Media Group of Littlerock Arkansas (Las Vegas Review Journal, Hawaii.com) to Mandalay Resort Group and Parkplace Entertainment. Continue now – 2004 Park Place became Caesars Entertainment. Harrah & # 39; s was purchased by Entertainment. This deal was agreed to purchase MGM / Mirage from Mandalay Resort Group and came within a few months. Need a room on the band? Hmmm – I think the prices will be pretty consistent! And think of owning LasVegas.com later in 1997!
IAC (InterActiveCorp) Managed by Mega Financier Barry Diller manages these online Travel Booking Agencies
Expedia s Vegas Packages
Note (s): Expedia is the # 1 online travel agent booking service for third party agencies. However, the whole "reserve cake" piece is very small. Mr. Diller also oversaw the new purchase of "Ask Jeeves" for $ 1.85 million. You don't expect room prices to drop anytime soon.
Owned by Saber Holdings Corp:
Travelocity – # 3 in travel booking
Note: Saber was a "Great Player" in the Travel Agent industry because most of the Travel Agent computers were linked to the reservation systems. Travelocity # 3 is behind Expedia and Orbitz (now owned by Cedant Corp.)
Cedant Crop is the supreme Hotel Franchiser with more than 6,400 locations and owns or franchises:
· Orbitz – Travel Visitor # 2
FYI – Cadant also owns Avis & Budget Rent A Car, Fairfield Resorts (timeshare resorts), Cheap Tickets.com, and Century 21 and Coldwell Banker Real Estate Franchisees.
So where does this leave you? Below, I recommend you read these tips quickly.
Quick Vegas Tips on Budgeting?
I would probably recommend visiting "off season". Don't do it! The temperature in August is more than 110 degrees, so the air temperature is not the radiation of heat from concrete and asphalt. I don't want to suggest something simpler: stop by! Car hire is cheap when compared to the unbeatable prices of the best "On Strip" Mega Resorts. Try a hotel in Henderson or Summerlin. I would suggest smaller stations like SunCoast or The 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 on the Internet ads and see what's available. While 90% of the rooms are fully booked, hotels that are not fully booked advertise! Click on those ads! I stayed at Fiesta Henderson for $ 29.95 a night for 3 nights in a row, and I had a 2-bedroom suite! I found this deal in an Internet ad! In fact, when I called the hotel they told me to treat them even better and to book online! Try corporate housing as it usually runs on weekdays, but is available on weekends when Travelers return home. Visit the websites of the hotels you want to stay and sign up for email promotions so you can receive offers that will be sent directly to you before your trip (use a free address like Hotmail for that). Ask at the table when guests are making extra offers or offers. It’s like asking for a window seat on the plane, and if you don’t ask, you don’t get it. And my last tip is to Form Before Fashion – bring your most comfortable shoes and save on bottled water before entering the local store. Enjoy!