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by smackfu 5592 days ago
For perspective, a single large Vegas hotel books that many nights each year. (For instance, Mandalay Bay has 3300 rooms.)
1 comments

Mandalay bay does not have 100% occupancy 365 days per year. They probably don't even have 50% occupancy 365 days per year. But yes, it's about the size of a VERY large hotel.
Vegas has very high occupancy rates. Even in the down economy, it's around 80%. http://cber.unlv.edu/tour.html
Wow, impressive! And based on actual data, as opposed to numbers I made up :-)
Wouldn't be surprised if they tweak their thresholds for comping rooms to fill rooms that would otherwise go vacant.
They also have tweaked pricing to keep rooms filled. The same room at MB is going for $70 on 3/13 (Sunday) vs. $270 on 3/16 (Wed). (To be honest, sophisticated enough that I don't even really understand that. Usually it is the weekends that have the prices jacked.)