GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Hotel Las Vegas

The most expensive hotel in Las Vegas operates with an average nightly rate of over $1,000, with suites costing up to $25,000 per night.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

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In this post, we explore a collection of intriguing statistics revolving around the luxury hotel landscape in Las Vegas. From the jaw-dropping costs of exclusive suites to the vast number of hotel rooms in the city, these figures offer a glimpse into the opulent world of accommodations in the renowned entertainment destination. So, if you’re curious about the most expensive stays and impressive investments that have shaped Sin City’s hospitality industry, keep reading for a data-driven exploration.

Statistic 1

"The most expensive suite in Las Vegas is the Empathy Suite at The Palms, costing $100,000 per night."

Statistic 2

"Las Vegas has over 150,000 hotel rooms, the highest number for any city in the U.S."

Statistic 3

"The average daily room rate for hotels in Las Vegas is $108.80."

Statistic 4

"The occupancy rate of Las Vegas hotels in 2019 was 88.9%."

Statistic 5

"The Wynn's Encore Resort, a luxury hotel in Vegas, costs around $745 per night."

Statistic 6

"Bellagio's Presidential Suite, considered one of Vegas' most expensive suites, costs around $6,000 per night."

Statistic 7

"The average size of a Las Vegas hotel room is 350 square feet."

Statistic 8

"The Fontainebleau Resort, one of the most expensive Las Vegas real estate projects, had a projected cost of $2.9 billion."

Statistic 9

"The Nobu Villa at Caesars Palace, one of the city's loftiest hotel rooms, costs $35,000 a night."

Statistic 10

"The Vegas hotel industry has experienced an average annual growth rate of 2.8% over the last five years."

Statistic 11

"The MGM Grand, one of the priciest hotel properties in Las Vegas, cost $1.1 billion to build in 1993."

Statistic 12

"The Cosmopolitan, another high-cost hotel in Las Vegas, required an investment of $3.9 billion to erect."

Statistic 13

"Venetian Resort, one of the higher-end Las Vegas hotels, can accommodate about 8076 guests."

Statistic 14

"The Four Seasons' penthouse suite, among the most costly in Vegas, starts at $2,000 per night."

Statistic 15

"Room service in high-end Vegas hotels can cost an average of $20 - $40 per person."

Statistic 16

"The Circa Resort & Casino, one of the latest and most expensive additions in Vegas, cost approximately $1 billion to construct."

Statistic 17

"The Aria Sky Suites, heralded as one of Vegas' most luxurious and pricy accommodations, costs between $2,000 to $7,500 per night."

In conclusion, the statistics paint a picture of the extravagance and opulence that define the hotel industry in Las Vegas. From the staggering cost of top-tier suites like the Empathy Suite at The Palms and the Nobu Villa at Caesars Palace, to the massive investments required to build luxury hotels like the Cosmopolitan and the Fontainebleau Resort, it is clear that Las Vegas caters to a high-end clientele willing to pay top dollar for premium accommodations. The city’s high occupancy rate, combined with steady annual growth in the hotel industry, demonstrate the enduring appeal and profitability of the Las Vegas hospitality sector.