Room rates on the Las Vegas Strip during this year’s Formula 1 Las Vegas Grand Prix weekend at the top two resort companies are mixed compared to last year.
The average three-night room rate at MGM Resorts properties on Las Vegas Boulevard is higher for this year’s race weekend than last week in November, while Caesars Entertainment’s rates are lower than a year earlier, according to online room rates for the two companies tracked by the Las Vegas Review-Journal.
The lowest available room rates at the nine MGM Resorts properties averaged $1,624.08 for Nov. 20-23, up 24 percent from the average of $1,314.72 in the first week of November leading up to last year’s race.
The average room rates at MGM Resorts properties as of Thursday for race weekend were:
Bellagio: $2,846.29; Aria: $2,724.30; Vdara$2,390.70; Park MGM (suites available only): $2,255.25; MGM Grand: $1,220.65; Mandalay Bay: $1,053.07; New York-New York: $918.71; Luxor: $582.49; Excalibur: $525.17.
The lowest available room rates at eight Caesars Entertainment properties as of Thursday on the Strip averaged $784.61 for this year’s race weekend, down 16 percent from the average of $987.41 for the first week of November 2024.
The average room rate for three nights at Caesars Entertainment resorts as of Thursday was:
Caesars Palace: $1,324.11; Cromwell: $999.84; Paris: $982.95; Planet Hollywood: $853.58; Horseshoe: $845.64; Harrah’s: $734.53; Flamingo: $700.52; Linq: $689.29.
This year’s race has cheaper ticket options overall, with tickets for the Nov. 20 practice round starting at $50 (67 percent cheaper than 2024) and three-day packages starting at $400 (33 percent less than last year), when ticket sales started in April.
This is a development story. Check back for updates.
Contact Mick Akers at makers@ theplayerlounge.com or 702-387-2920. Follow @mickakers on X.
