Las Vegas room rates rise with EDC in town

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Southern Nevada beach resorts are gearing up for another bonanza of special events this weekend when Electric Daisy Carnival fans pour into the Las Vegas Motor Speedway for a three-night electronic dance music festival.

Travelers, on average, will be expected to pay upwards of $300 per night in motels and hotels.

This will be the 11th EDC in Las Vegas and the 26th in the series which began in Los Angeles in 1997.

Room prices have soared across the valley in anticipation of EDC’s arrival on Friday.

A representative from Insomniac, the organization that organizes the festival, won’t say how many people are expected to attend this year’s sold-out event, but past shows, including the most recent in late October – postponed three times out of orderly precautions in response to the COVID-19 pandemic – brought in 150,000 elaborately costumed fans over the three nights.

“I don’t have an exact number, it will come after the show, but it will be pretty much in line with previous years,” said a festival publicist.

Two of the biggest names in electronic dance music will launch their new collaborative project at what has become the biggest electronic dance music event in North America.

Superstar DJ-producers Kaskade and Deadmaus will perform live as KX5 for the first time after the event returns.

Other EDM mainstays playing at EDC 2022 include Illenium, Alesso, David Guetta and Morten Present: Future Rave, DJ Snake, Porter Robinson, Zedd, Eric Prydz, Dillon Francis, a DJ set from Grimes, Tiesto, who played every EDC in Las Vegas, and hundreds more.

Rising rates

The city’s hotels and motels, now accustomed to raising prices to accommodate thousands of fans at special events thanks to three blockbusters in April, are ready to do it again. Rates have skyrocketed for two weekends of concerts by Korean pop group BTS, the National Association of Broadcasters trade show and the NFL Draft.

A survey of room rates listed on hotels.com conducted Tuesday afternoon determined that the average rate among 84 properties for Friday and Saturday — the dates of EDC’s first two nights — was $382.56 per night. night.

Rates may fluctuate until Friday.

The average daily room rate for the month of May 2021 was $126.91, according to researchers at the Las Vegas Convention and Visitors Authority. The rate in October, the last time EDC was there, was $173.68 a night.

In May 2019, the last time EDC was in town in its regular time slot, the rate was $140.52 a night.

Over the coming weekend, no property listed on hotels.com will offer rooms for less than $150 a night. The cheapest digs are in Sam’s Town, $194 a night.

Among the highest rates that will be paid by guests are the Prestige Suites at the Palazzo, $836 a night; Wynn and Encore Las Vegas, $799 a night each; The Cromwell, $799; The Cosmopolitan in Las Vegas, now managed by MGM Resorts International, $770; Four Seasons Las Vegas, $700; Caesars Palace, $649; and Bellagio, $549.

A long-awaited “strong weekend”

Virginia Valentine, president and CEO of the Nevada Resorts Association, said special events continue to give the resort industry a boost, which is especially welcome after months of hardship during the pandemic. .

“Las Vegas continues to have a spectacular schedule of special events that draws large crowds and helps move key tourism metrics to pre-pandemic levels on the leisure side of the business,” Valentine said in an email. tuesday. “EDC is an incredibly popular weekend which is reflected in occupancy levels, room rates and the large number of visitors expected. It should be another strong weekend for the Las Vegas economy.

Contact Richard N. Velotta at [email protected] or 702-477-3893. Follow @RickVelotta on Twitter.

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