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’s getting more and more difficult to find an “agreement” with major facilities in a city that is becoming more and more difficult, because Top resort properties are controlled by a certain group of companies that have no discount incentive.
Vegas 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 so phenomenal that Mega Resorts like Mandalay Bay (43-story $ 375 million Spa Tower has 1,120 Suites completed in December 2004) and The Venetian (currently expanding) and recently completed 2, $ 4 billion 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 published in the US on July 30, 2004, Trump’s plans include a 64-story hotel condominium tower to be built on a Frontier Hotel property near 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 residential units in New York’s Trump International Hotel and Tower. No casino will be owned.
Only 10% of hotels in Las Vegas book online
In several articles I have researched this year in various business journals and hotel analysts, the hotel booking rate for online services for visitors to visitors is about 10%. 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, there is no incentive to offer the lowest rates if your customers are not taking advantage of it. I will briefly touch on the subject of taxation, saying that local governments hate the internet because they have rooms with reservations outside of state interests that are available in the tax warehouse. Expect local government officials to play this issue sooner rather than later.
So where do you go when booking money online?
A Vegas.com search is owned by the Greenspun Media Group (Henderson, NV), which publishes the Las Vegas Sun Daily Newspaper and is owned by Vegas Magazine, Showbiz Weekly, Business, Las Vegas Weekly, VegasGolfer, Las Vegas, and The Ralston Report. . Greenspun Media is part of the Greenspun Corporation. He is also the owner of 25 local UPNs. Greenspun is a member of ONE Las Vegas cable news channel. American Neens The New 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. Proceed now – 2004 became Park Place Caesars Entertainment. It was purchased by Harrah’s 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.com Holidays
· 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. 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 connected 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 would recommend reading these tips quickly.
Quick Vegas Tips on Budgeting?
You probably think I’ll suggest visiting “off season”. Don’t do it! August temperatures often exceed 110 degrees, and that is because the air temperature is not exposed to the radiation of concrete and asphalt. No, I’ll suggest you do something simpler. Stay off the list! 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 (covered and very safe). 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 is usually 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 seat in the plane, unless you ask for it you won’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!