Las Vegas Room Prices Are Dropping Due to Covid-19

Every day single, the coronavirus is taking a larger toll on the world. Due to its rapid spread around the US, many cities are taking drastic steps to prevent major outbreaks. Interestingly, Las Vegas room prices are beginning to drop and for now, this city has managed to avoid any major rise in infection rates.Las Vegas Street View

How long this will last is still unknown. The city will do everything it possibly can to keep its tourism industry up and running. Today, we’re giving a quick coronavirus update and discussing what officials in Las Vegas are doing to tackle this issue.

Let’s get into it!

Coronavirus Update: Sports World Takes a Major Hit

Back in early January, no one really knew how serious the coronavirus that emerged in Wuhan, China would become. Over the next several weeks, however, health experts began warning the public that this was something we haven’t seen before. The ability for the virus to spread and its relatively high death rate sent chills through governments around the world.

Eventually, Covid-19 began hitting Europe. Over the span of just two weeks, the confirmed infection cases in Italy went from three to more than 15,000. Nearly all other countries in Europe also began experiencing growing infection rates, as well.

After a rapid spread throughout the US and a huge number of other countries around the world, the WHO officially declared this virus a pandemic. It’s now beginning to take a major toll on the sports industry. The NBA decided to suspend its season indefinitely.

The NHL recently announced similar measures. The NCAA basketball tournament first announced that tournament games would be played without players. It’s now looking like this tournament will be canceled, as well.

Things are only just beginning. With a limited ability to test individuals, there’s really no telling how many people have been infected with Covid-19 in the United States. Based on the results, Las Vegas has only recorded a few cases. Now, hotel prices in the city are beginning to plummet.

Las Vegas Room Prices Begin to Fall

Las Vegas relies heavily on its tourism and gambling industry. For this reason, officials are doing everything they can to prevent further infections. In recent days, hotel room prices in Las Vegas have begun to drop dramatically.

This isn’t a surprise. The city is already seeing a considerable drop-off in tourism rates. Hotels are doing what they can to attract visitors, with some Las Vegas room prices dropping by an incredible 86%.

Between April 23rd and the 25th, the NFL draft is scheduled to take place across several Las Vegas venues. Unfortunately, some feel this event is now in danger of being canceled. Just a few months ago, the draft was expected to draw in around 750,000 attendees.

Mark Davis, owner of the Las Vegas Raiders, commented on public health concerns to the Las Vegas Review-Journal this week.

“Health and safety will be at the top of the list, and if there is any type of problem, we’ll make adjustments to whatever schedule we have,” he said. 

As of now, the NFL draft is still scheduled to take place. With the drop in Las Vegas room prices, perhaps visitors will still choose to attend the event. It wouldn’t be a major shock to see the NFL cancel the event in the next few days, though.

Hotels Take New Measures to Protect Against Covid-19

The new coronavirus is proving to be incredibly difficult to contain. It has an unusually high spread rate and is now known to pass from person to person simply from breathing. Hotels in Las Vegas are still working to make things as safe as possible.

This week, Wynn Resorts and Caesars Entertainment announced several new measures to better protect guests. This includes adding more sanitizing areas around the hotel, requiring employees to be more stringent with their hygiene, and implementing a better quarantine protocol.

Tourism rates in the city for the past few weeks have not yet been released. It’s reasonable to assume that things have dropped off considerably. As time goes on and more infections are announced, this will likely get worse.

How exactly this will affect the city is still unknown. Las Vegas has survived low tourism rates in the past. Hopefully, enough steps are taken to keep things moving in one of the country’s most-visited cities.

Las Vegas room prices are dropping every single day. This trend is likely to continue for weeks. Make sure to stay tuned for more Las Vegas news over the next few months!