Las Vegas Grand Prix Hotel Rates Rise Over 300% Ahead of Formula 1 Race
Just over a year before the inaugural race of the Las Vegas Formula 1 Grand Prix, hotel room rates for the Las Vegas Strip begin to be published, and fans hoping for a weekend experience more affordable running gear might be out of luck.
Apart from the United States Grand Prix held each year in Austin and the Miami Grand Prix, held for the first time this year, F1 races are held outside the United States, and often in Europe or Asia.
Many American fans, drawn to the sport by Netflix’s docudrama series “Formula 1: Drive to Survive,” might have planned to attend their first in-person race on November 18, 2023 in Las Vegas.
However, KTLA’s sister station KLAS looked at the weekend of Nov. 16-19, 2023 and compared it to the same weekend this year, Nov. 17-20, and found dramatic price increases for hotel rooms, which are never fixed rates. and vary from day to day depending on demand.
Take a look at the table below to see how much you could expect to pay. The rates shown in the table below are correct as of 7:50 p.m. on October 31, 2022 and have already changed since this story was first published.
KLAS uses room rates for the lowest published rate and the average rate for the race weekend. KLAS also does not consider resort fees.
So far, the average room rate increase, year over year, is 305%. However, the biggest percentage increase is the Rio All-Suite Hotel & Casino which increased its room rates for this weekend by 678%, from $100 per night in 2022 to $787 per night in 2023.
But the most expensive cheap room is at Caesars Palace at $1,291 a night. This, however, is the smallest percentage increase so far at 75% more expensive than this year.
This table will continue to be updated throughout next year and in future articles about the 2023 Las Vegas Grand Prix.
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