The Cosmopolitan of Las Vegas is known for its luxury and extravagant experiences, especially during special events like New Years Eve. However, the average room rate for this particular night is jaw-droppingly high, coming in at a whopping $100,049.99 per night. This exorbitant price was shared by a user named Eddie-Capital, prompting a sarcastic response from Vital Vegas: “Book early and save!”
To put this price into perspective, the average room rate just one day prior on December 30th is a mere $450. This means that The Cosmopolitan has increased its average room rate by a staggering 22122% for New Years Eve. Rooms of various sizes are available at this price, ranging from a terraced studio with two queen beds for up to four guests to a terrace one bedroom suite for a maximum of two guests.
Despite the astronomical price tag, questions have arisen regarding the accuracy of the information. Other hotel room booking sites are offering rooms at The Cosmopolitan for significantly lower prices, leading to speculation that there may be an error on the Cosmo website. In comparison, hotels like the Luxor Hotel are advertising one bedroom suites for an average of $558 per night on New Years Eve, accommodating up to three guests. The Venetian, another popular Las Vegas hotel, is offering luxury suites with two queen beds for a maximum of four guests at a rate of $1,000 per night.
According to a study by Forbes Advisor, Las Vegas has seen a significant increase in prices over the years, with daily hotel rates rising by 47% in the past five years. The average hotel rate in Las Vegas now stands at around $252 per night, making it one of the most expensive travel destinations in the US.
VegasSlotsOnline News has reached out to The Cosmopolitan team for comment on the staggering room rates for New Years Eve. It remains to be seen whether the high prices are justified or if there may be a glitch on the hotel’s website. Regardless, for those looking to ring in the New Year in style among the bright lights of Las Vegas, it seems that having a hefty budget is a prerequisite for staying at The Cosmopolitan.