Las Vegas is not so cheap anymore

The Las Vegas Strip is slowly becoming more and more expensive, mostly on the room rates. Not only are they getting higher and higher. the resort fees are inching up also.

Cheap hotel inventory drastically declining:

• Sahara Gone
• Bill's Gamblin Hall Gone
• LVH gone
• Imperial Palace gone
• Tropicana is now a Hilton property

What is replacing these cheap hotels?

• Sahara will open as SLS, a boutique hotel with much higher room rates.
• Bill's is now the Cromwell, a boutique hotel with much higher prices.
• Imperial Palace is now The Quad but will become The Linq Suites with a total remodel and much higher room rates.
• LVH is now Westgate Las Vegas, a full remodel will result in much higher room prices.
• Tropicana is now the "new" Tropicana, managed by Hilton. rooms are about 40 percent higher before the remodel and management change. Still a decent price, just not in the cheap category.

What hotels are left that are still cheap?

• Flamingo
• Ballys
• Casino Royale (this property only has a small amount of rooms and is usually sold out).
• Circus Circus
• Excalibur
• Luxor
• New York New York
• Rivera
• Stratosphere is so far north not many People compare this hotel to strip hotels.
• Hooters is not on the strip but is so close, You should consider it as the Strip.

What does the future look like for Cheap Hotels in Vegas?

More expensive Hotel rooms moving in the place of the cheap ones results in the remaining cheap ones being able to raise their prices since they now have less and less competition. Eventually Flamingo and Ballys will do a complete remodel and take those rooms off the cheap market. Circus Circus has to do something soon or their rooms are going to be completely unusable. The more remodeling the more cheap hotels turn into moderate priced hotels soon there will no longer be a room for under 30 dollars on or even near the strip.

Las Vegas Shows

Las Vegas Shows are also getting more and more expensive but they are also getting more and more expensive to produce. Some shows have more than 100 performers in each show. Some shows have multi million dollar stages. You can still get some good value in Half price shows but as soon as enough People find out about them, those prices will go up too.

Dining

Dining is definitely getting more expensive. There are no more 3.99 buffets. But the quality of the food is much better, the price of 39 dollars will seem like a bargain once You see what it offers.

Why is Vegas getting more and more expensive?

Most properties all over Vegas are making their money on Shows, Dining and services. Gambling is no longer the major money maker for a Hotel/Casino property. Now, the gambling is only there to get You to buy the show, the food and the room. It used to be the opposite. Free Rooms are rare these days, You have to be a big gambler to get anything free now. Once the Hotel/Casinos figured out that People were more interested in food, dining and shows they started putting more money in those items and had to charge more accordingly. The line is just as long at the Bellagio buffet for 32 dollars as it used to be for the Circus Circus buffet for 2.99 (same line, different People).

Bottom line

Las Vegas prices are inflating faster than inflation for sure. The only thing You can do is get Your fill of it before the prices are so high it's just not worth it anymore. Everyone is guilty, the Casinos, the City of Las Vegas, the airlines. The only thing that will bring the prices back down is another recession or until People refused to pay it. The more People that decide not to go back, they are replaced with People that do not mind paying more and enjoy the finer things that the new Las Vegas has to offer. 

Best Priced shows

---