Hotel Squeeze Sparks Price Surge
Las Vegas faces raised accommodation pressures with just 150,126 available rooms citywide, a lingering effect of the 2024 closures of The Mirage and Tropicana. Hard Rock International aims to reopen The Mirage in late 2027, while Bally’s Corporation prioritizes construction of a casino resort near Oakland A’s MLB stadium on the former Tropicana site.
The supply crunch has propelled average nightly rates to $293.82 on the Strip and $194.79 downtown for New Year’s week, marking a stark contrast to typical January averages of $201.48 and $95.01, respectively. Luxury properties dominate the pricing tiers, with MGM Grand topping the charts at $1,252 per night, while budget stays, like Circus Circus, cling to sub-$100 rates.
Record Occupancy
Las Vegas hotels are poised to hit near-capacity at 95% occupancy despite 345,000 anticipated NYE visitors, slightly below 2024’s 349,000 and 2023’s 347,000. The LVCVA noted in a statement, “While record visitation is a possibility, our New Year’s Eve 2025 forecast […] reflects strong demand, while accounting for the softer visitation levels we’ve experienced this year.”
Celebrations will spotlight the 25th anniversary of “America’s Party,” featuring Grucci’s rooftop fireworks from 10 resorts paired with a synchronized drone show. This year’s “Rocking into 2026 Vegas style” theme aims to blend tradition with innovation. The pyrotechnic firm, responsible for 21 of the event’s 25 displays, seeks to outdo prior spectacles.
Iconic Venues Amplify Festivities
Major resorts, including MGM Grand, Caesars Palace, and The STRAT, will anchor the Strip’s fireworks spectacle. Fireworks by Grucci’s Scott Cooper highlighted “collaboration with local agencies and resort partners” as essential to its execution.
Downtown, Fremont Street’s “Countdown Under the Canopy” offers a $65 entry after December 27 for performances by Cee-Lo and Robin Thicke. Meanwhile, The Sphere will project global city countdowns leading up to midnight.