There is an economics concept that high demand leads to a high increase in prices of commodities – this is known as inflation. Inflated prices and rates have become a feature of the Wrangler National Finals Rodeo.
It is now a permanent feature of the National Finals Rodeo for hotels on and off the Strip to charge higher rates. The cowboy championship sees more than 100,000 thousand rodeo fans every year during the 10-day period.
There is a simple explanation to this; it is just basic economics of supply of demand and supply. On the average, most hotels and properties around the Las Vegas strip charge around three times the normal rate during the period of the championship.
This scenario is a common occurrence in Las Vegas – it is quite popular for Las Vegas hotels and casinos to drive room rates higher during major events as a result of the compression arising from high demand.
Popular Hotels in the area frequented by attendees
The Wrangler National Finals Rodeo 2019 will be attended by over 100,000 people at the Thomas & Mack Center. This is the premier event of the rodeo sports and is also the richest rodeo sports championship.
It will be watched by millions of people home and abroad and comes with other events such as Miss Rodeo America 2020. The championship is slated for December 5 to December 14.
All of these attract a huge number of people who are going to need accommodation options. Most attendees tend to stay near the venue of the championship, which is why hotels and properties on and off the Strip are perfect options for them. The Strip is located about 2 miles from the Thomas & Mack Center.
Here are some of the closest hotels to the championship arena;
- Bellagio Hotel
- Downtown Grand
- Mandalay Bay
- Hard Rock Hotel
- Golden Nugget
- South Point
- Caesars’ Palace
- Circus Circus
Other events related to the championship are also taking place at these hotels, making them a convenient option to stay close to the entertainment and fun. The Cowboys & Indians after-dark party will be held daily at the Silverton Casino & Hotel and MGM Grand; Jason Aldean is scheduled to perform at the MGM’s Park Theater while REBA and BROOKS & DUNN will be performing at Caesars’ Colosseum.
Golden Nuggets is one of the locations for the Wrangler NFR official autograph session. These and many more are why many attendees of the championship prefer to stay in these hotels.
Surging Prices across the Valley
This huge number of guests translates to prices surging. Here are some examples to perfectly illustrate this point;
A property located near the Vegas Strip that is expected that rodeo fans would stay charges $135 for a room during the period of the championship. Two weeks later, the same property drops the rate to $29 a night.
That right there is a 4.6 multiplier on the normal rates.
Another example is the case of MGM Grand rate at $288 during the championship and $67 for normal days. South Point has sold out all its rooms at $119 for weekdays and $159 for weekends.
Best Hotel Deals during the Wrangler NFR 2019
Hard Rock Hotel & Casino Las Vegas presents the Rock NFR 2019! The hotel is an official sponsor of the championship and offers some of the best rates and packages – get as low as $40 dining credit at Mr. Lucky’s and Pink Taco.
It also comes with a free nightly shuttle and free parking. The hotel offers a rate of $65 for weekdays. Click here for more info.
Treasure Island is another official sponsor hotel offering great rates to rodeo fans during the championship. At $79, you can get a free shuttle to/from the arena, free TI Gilley’s NFR souvenir, 2-for-1 Draft Beers at Gilley’s and many more. Click here for more details.
This is Shelby Brunette a barrel racer who works at The Women’s Professional Rodeo Association (WPRA). She has been riding horses for the last 15 years and she loves rodeo as well as horses. Based on his experiences with rodeo she is sharing his opinion about National Finals Rodeo (NFR) so that Wrangler NFR fans can get date, time, tickets, results, TV schedule & updates. Find him on twitter here. Happy reading!