Vegas hotel room prices spike for New Year's Eve celebrations

Photo Credit: View of the Stratosphere Tower in Las Vegas. Flickr.com / O Palsson
Skift Take
Las Vegas has become the destination of choice for holiday revelers who've outgrown New York's Times Square but still want to ring in the New Year with a bang.
The booking desk at the Stratosphere stayed busy this week with people seeking last-minute places to crash on New Year's Eve.
"Phones are ringing and the website is buzzing," said Paul Hobson, the Stratosphere's general manager. As hotels across Las Vegas began to fill up, the Stratosphere still had rooms left late this week.
Procrastinators could still find rooms at premium prices, most well above the average daily room rate of $108 for the rest of the year.
Rooms at the Stratosphere, for example, were going for $269 on New Year's Eve. They were to drop to $39 on Jan. 1.
"New Year's is the getaway day, so we'll return to a more normal pricing pattern," Hobson said. "This is the most important weekend of the year, not only in quantity but in quality, because we get