Las Vegas Room Rates to Skyrocket for NFL Draft ‘22

Hotel room rates for Las Vegas strip properties expect to triple for the 2022 NFL draft. Demand expects to be high with capacity predicted at close to 100 percent. The rates follow a steep decline in rates in the Covid-19 wake.

Las Vegas Room Rates to Skyrocket for NFL Draft ‘22

Coming to Las Vegas for the 2022 NFL draft next April? Prepare to pay as much as three times more for a room in a Strip hotel compared to May.

Paris Las Vegas has rooms starting at $574 the night on Friday, April 29, according to Hotels.com. The Mirage priced its rooms at $499 while Wynn Las Vegas guests will pay $699. And expect the hotels to be at full capacity, said Alan Feldman, a distinguished fellow at UNLV’s International Gaming Institute, according to the Las Vegas Review-Journal.

“It’s going to be a very big weekend,” Feldman said. “It’s a very significantly hyped event, and the fact that it’s going to be back for the first time in full force in Las Vegas is going to be an incredible … sort of turbo boost. I think it’s going to be a big deal for all the right reasons.”

The effects of the Covid-19 pandemic will likely play a role in the pricing gap as well because Las Vegas rooms have yet to fully rebound to pre-pandemic rates. A recent report from the Las Vegas Convention and Visitors Authority found that the average daily room rate on the Strip in March was $104.40, down 34 percent year-over-year.

“Las Vegas is uniquely positioned to host an NFL Draft event that’s bigger and better than ever,” said Chris Holdren, Caesars Entertainment Inc.’s co-president of Caesars Sports and Online Gaming.