Christmas may be coming a little early if you’re thinking about heading to Sin City soon.
As the Las Vegas Grand Prix returns and Thanksgiving approaches, there’s good news for travelers looking to snag a hotel deal.
This year, Las Vegas resorts have adjusted their prices due to concerns around consumer confidence following a long federal government shutdown.
This may not only mean good news for your wallet, but could also help start to turn the Las Vegas tourism decline around. It would even give you the chance to check out the many Thanksgiving buffets served up around town.
Formula One Las Vegas Grand Prix (Nov. 19–22)
For fans of fast cars and flashy events, the Formula One Las Vegas Grand Prix offers a thrilling experience.
But here’s the surprise: hotels aren’t pricing their rooms as sky-high as you might think.
On average, rooms cost $194.04 a night across 161 hotels. While that might sound steep, it’s a bargain compared to past years. Of course, luxury stays like Wynn Las Vegas still have premium rates — think $1,095 a night. However, these prices are more manageable than what we’ve seen before.
Why the lower prices?
The lengthy 43-day federal government shutdown caused unease among consumers, and this reflected in travel trends. Las Vegas resorts are applying a “measured pricing strategy” to ease travelers’ minds — and budgets.
Thanksgiving Stays (Nov. 26–29)
Looking for an affordable holiday getaway? Thanksgiving in Las Vegas might be your perfect match.
Rates during this period are known for their affordability. In fact, the average price for a room is just $126.81 a night across 166 locations, with 42% of these offering rooms for under $100. In stark contrast to the F1 weekend, Thanksgiving remains a consistent and affordable time to visit.
Even in 2024, rooms for a midweek-through-weekend stay around Thanksgiving remained reasonable, with high-end properties like Wynn/Encore available for around $268 per night and The Venetian for $326 (before fees), demonstrating the continuation of the holiday as a period of relatively lower demand and bargain prices.
So if you’re seeking a blend of luxury and value, Thanksgiving is the time to do it.
Why the Price Difference in Las Vegas?
The difference in pricing is due to demand.
The glitz and excitement of the F1 race pull in crowds, causing rates to peak and then drop. Meanwhile, Thanksgiving draws a more laid-back crowd looking for value, which brings traditionally lower rates.
Las Vegas tends to maintain reasonable prices during Thanksgiving, making it one of the most cost-effective times for a visit.
With strategic pricing in response to economic uncertainties, Las Vegas is poised to welcome visitors with a variety of budgets this fall.
Whether you’re in for the high-speed action of the F1 Grand Prix or a relaxed Thanksgiving retreat, Las Vegas offers options that are lighter on the wallet. The city proves once again why it’s a versatile destination for any occasion.
So pack your bags and get ready to enjoy the neon lights — at a bargain!
