So does this mean that when they open the Metra-resorts–
MGM and Boyd's with their thousands of rooms that
we'll get all kinds of offers again???
Jean H--
You have brains in your head. You have feet in your shoes.
You can steer yourself any direction you choose.
You're on your own. And you know what you know.
And YOU are the one who'll decide where to go.... Dr. Seuss
···
----- Original Message ----
From: markhaslem <markhaslem@yahoo.com>
To: vpFREE@yahoogroups.com
Sent: Saturday, May 26, 2007 4:44:29 PM
Subject: [vpFREE] Re: Room Comps on the Strip
That is a very good point, I hadn't even thought about all of the
decrease in supply. Palazzio and Encore will be opening soon that
should help. Sorry everyone about the previous empty posting I was
backspacing my previous entry away to do the above reply and then it
just said your comments have been posted, weird.
--- In vpFREE@yahoogroups.com, "mrdave2006" <dave.feuer@...> wrote:
Also keep in mind till some new hotels are put up the strip /
downtown
has lost 1000's of rooms in the last 18 months.
Stardust--Gone
Boardwalk--Gone
WestwardHo--Gone
Small place off the strip near Harrahs (Forgot the name but it was
250
rooms) -- Gone
LadyLuck (downtown) - Closed for foreseeable future.
Frontier-- Gone by end of summer last I heard
You have had RedRock and Southpoint that went up but most people
will
count those as "not the strip" and "not downtown" so are not staying
there.Just my .02c
-Dave
--- In vpFREE@yahoogroups.com, "markhaslem" <markhaslem@> wrote:
>
> The fact that room comps at Wynn and other high level strip
properties
> have gotten so very hard to come by shouldn't suprise anyone.
It's
> just a matter of supply versus demand, there is way too much
demand.
> Too many people are willing to pay top dollar right now to stay
on the
> strip. The source of all of this extra demand is quite
intersting.
> Alot of it is coming from India and China. Since both countries
> adopted Capitalism their economies have grown enormously. Both
> countries are a huge source of tourists for the Strip wheras just
a few
> years ago both countries provided very few tourists to the
strip. The
> high end properties can let their rooms at very high rates and
the
> people staying in them will still end up gambling quite a lot.
Even
> the strip adjacent and near stip properties have seen inflation
in
> their room rates and occupancy rates due to the higher demand.
>
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