LAS VEGAS — After major sporting events, conventions, and holiday weekends, hotel prices in Las Vegas typically fall, creating opportunities for budget-conscious travelers.
Hotel prices in Las Vegas are anything but fixed. During high-demand periods, room rates are known to increase drastically during events, on top of the annual 5% increase across the city. In January 2025, room rates increased by 2%, which is around the time that the international Consumer Electronics Show takes place in the city.
However, once conventions and major events end, occupancy drops sharply over the next 24 to 72 hours, creating a temporary oversupply of rooms. As a result, hotels can drop rates up to 60%.
During the midweek, visitors can snag heavily discounted room rates as hotels try to fill empty rooms. For example, in the past, the Palms offered 20% off room rates for midweek stays. Travelers wanting to get the best value for their money should consider booking accommodation between 4 and 10 days after a major event, as two weeks after an event, hotel pricing starts to normalize. Savvy travelers should keep an eye on stadium schedules and major event calendars to stay updated on when room rates are likely to drop.
