The average cost of one night at a Las Vegas hotel has climbed to an all-time high, heralding good news for resort owners but empty wallets for visitors.
The Las Vegas Review-Journal reports (http://bit.ly/2mKWl97 ) that according to the Las Vegas Convention and Visitors Authority, the average daily room rate rose 3.7 percent to $150.21 in January, the highest monthly average on record. The authority's previous record was $146.53 a night in April 2007.
The rate does not include resort fees, taxes or parking charges.
Another tourism indicator, revenue per available room, was also up 3.7 percent from last year to $128.73 in January.
Las Vegas visitation was up slightly in January. The city saw a 1.1 percent increase in visitors to reach a total of 3.5 million in January.