Las Vegas resort boss says it’s ‘not for those on tight budget’ amid rip-off backlash
Whether you want to try your luck at the gambling tables, catch a show or just explore the surrounding desert region, there’s no shortage of things to do in Las Vegas. However, Sin City has recently faced a tourism backlash over the often sky-high prices, with a reported slump in visitor numbers. Now, one CEO recently responded by saying that his resort ‘is not necessarily built for those visiting Las Vegas on a tight budget’ — but claims guests aren’t ‘ambushed with unexpected charges’ and that Vegas is still ‘chock full of low-price options.’ (Picture: Getty Images)
Wynn Las Vegas doesn’t come cheap. The resort, which opened in 2005 (with its sister resort, the adjacent Encore, opening in 2008) boasts 2,716 rooms and an 111,000 square foot casino, as well as fine dining, and night and beach clubs. In the summer, a room will set you back anything from $1,000 (£760) to $8,000 (£6,078) a night, and even in the off season you’ll be paying anything from $375 (£287) to $1,800 (£1,333). (Picture: Getty Images)
However, experts have recently warned that Las Vegas ‘is in crisis’ as tourist backlash grows, with some visitors criticising the city over surging prices and even seeking cheaper alternatives in areas such as New Orleans. With recent figures from Harry Reid International Airport in Las Vegas suggesting the city is currently welcoming 300,000 fewer visitors per month, the CEO argued it’s not Wynn customers driving this. (Picture: Getty Images)
Speaking during a conference call with investors and analysts to discuss the business’s third quarter results, Daily Mail reports Craig Billings said: ‘Wynn Las Vegas is not necessarily built for those visiting Las Vegas on a tight budget. Our customer generally isn’t the customer who focuses on cost alone.’
Billings added: ‘But they are the type of customer who is unrelenting when it comes to value for their dollar. Right? Their expectation of that perceived value could not be higher.’ He went on to say that Wynn customers would more likely pay attention to financial markets than online speculation – adding that while Wynn is not safe from a fall in tourism, ‘We still deliver a whole lot of value’. (Picture: PATRICK T. FALLON/AFP via Getty Images)
He explained that the company had chosen to focus on room rates rather than being full, adding: ‘I think the summer activity, or the summer business environment, has been well publicised, maybe to the extreme here in Las Vegas. Yes, our customer pays a premium room rate, but we don’t want them to feel nickel-and-dimed. So because of that, we haven’t seen that pushback in pricing that others in the market might have, or at least that we’ve seen on social media.’ (Picture: Getty Images)
Billings went on to say: ‘While we are unapologetic about premium pricing, we don’t ambush patrons with unexpected charges, so contrary to what you might expect, our mini bar prices are a fraction of some others in the market.’ He added: ‘We held out as long as we possibly could in charging for parking and really only began to do so when we were at risk of becoming the neighbourhood parking lot,’ he said, telling the meeting that guests still park for free at the resort. (Picture: Aaron M. Sprecher/Getty Images)
Billings remains optimistic that in spite of Vegas’ recent woes, it’s still very much a go-to destination – and that Wynn is an important part of that. ‘Las Vegas is actually chock full of low-price options and values. It really is,’ he told the meeting. (Picture: AaronP/Bauer-Griffin/GC Images)
‘But historically, it has also been a town where one could escape one’s worries for three days and experience world-class service and beautiful environments. If rates compressed 50 per cent in Las Vegas tomorrow, would we feel that?’ Billings said. ‘Sure we would. But we will always be at a pricing premium and the reason is because we deliver a whole lot of value.’ (Picture: Getty Images) Add Metro as a Preferred Source on Google Add as preferred source
Related Posts:
Millie Bobby Brown Said Sabrina Carpenter Offered Her Much Needed Advice Amid Media Backlash Entertainment <p id="par-1_70">While doing a press tour for her <a href="https://www.cheatsheet.com/news/the-electric-state-everything-we-know-millie-bobby-brown-netflix.html/">movie <em>The Electric State</em></a>, Millie Bobby Brown found herself facing an unprecedented amount <a href="https://www.cheatsheet.com/news/millie-bobby-brown-is-tired-of-being-bullied-just-for-doing-her-job.html/">of media criticism</a>. The actor was excited for the press tour and opted for glamorous looks inspired by the film. When people responded poorly to them, Brown…
Once a high school tight end, Broncos OLB Dondrea Tillman has become a bulldozer on defense News The story of Dondrea Tillman’s career is rapidly becoming the story of his 2025 season. Right place, right time, as opportunities few have seen coming fell into his lap. He’s snatched them and run with them. And run hard. With the Raiders near midfield on a crucial third down on…
Rams, 49ers don’t need extra motivation in tight NFC West race News LOS ANGELES — Jared Verse has a couple of old Florida State teammates on the San Francisco 49ers. Cornerback Renardo Green and linebacker Tatum Bethune texted the Rams’ outside linebacker happy birthday on Tuesday, and Verse responded as only he can, and as only he would on a week like…
Rams, 49ers don’t need extra motivation in tight NFC West race Uncategorized LOS ANGELES — Jared Verse has a couple of old Florida State teammates on the San Francisco 49ers. Cornerback Renardo Green and linebacker Tatum Bethune texted the Rams’ outside linebacker happy birthday on Tuesday, and Verse responded as only he can, and as only he would on a week like…
NFL Announces Punishment for Cardinals Tight End in Win Over Cowboys Sports The Arizona Cardinals ended their five-game losing streak in Week 9 with a resounding 27-17 victory over the Dallas Cowboys on Monday Night Football. In the wake of this win, the Cardinals have committed to Jacoby Brissett as their starting quarterback moving forward, placing Kyler Murray on injured reserve with…
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
