The Las Vegas Strip has a problem that's going to get worse, especially during big events like the F1 race, the Super Bowl, and CES.
Las Vegas becomes impossibly crowded during huge events. That used to only happen during a few major conventions, on New Year's Eve, and perhaps during March Madness.
Las Vegas' Harry Reid International Airport has been handling record crowds. Image source: ShutterstockCaesars shared some very impressive Las Vegas numbers during its October 31"Starting with our Las Vegas segment. Demand trends remained healthy during the third quarter with occupancy increasing to 96.6% versus 93.6% in the prior year," Caesars President Anthony Caranon shared.
"For Formula 1, while still early, we already have twice the occupancy on the books, and at four times the average rate," he shared. Older north Strip properties including The Strat and Circus Circus will also generally have rooms available at higher-than-usual but lower-than Caesars, MGM, and Wynn prices. In addition, Las Vegas visitors can opt to stay downtown where prices are generally lower and one resort casino operator has made affordability part of its brand.
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