Strip Parking Pile On

Las Vegas is hot again, racking up visitor numbers it hasn’t seen since before the Great Recession. What that’s meant for consumers, of course, is higher prices. And now they’re paying before they even get inside. Caesars and Wynn followed the lead of MGM Resorts last week by installing various parking fees at their properties, bring the number of resorts charging for parking to 23.

Caesars Entertainment and Wynn Resorts will start charging visitors for valet and self-parking at their resorts on or around the Las Vegas Strip, joining fellow gaming giant MGM Resorts International, which began charging for parking earlier this year.

The moves bring to 23 the number of resorts charging for parking.

Caesars, which runs nine hotel casinos, said the program will exclude the off-Strip Rio and will begin phasing in at the Linq Hotel and Harrah’s in late December, when valet services become paid. The company didn’t give a precise date for the program’s start and didn’t say what parking charges will be. Self-parking at the Linq and Harrah’s will remain free until self-parking equipment is installed, the company said.

As with the MGM Resorts program, which charges up to $10 a day, $18 a day for valet, the Caesars program will exempt residents with valid Nevada license plates and some rewards club members.

Caesars said the move aims “to improve the parking experience” for guests, locals and members of its Total Rewards loyalty program. The company said hotel guests are reporting that parking and valet services are becoming “increasingly scarce.”

Wynn Resorts said through a spokesman that it will limit charges, at least for now, to valet parkers at its Wynn Las Vegas and Encore resorts. These will commence in mid-December at rates of $13 for the first four hours, $18 for four to 24 hours and $18 for each additional 24 hours.

MGM has said it expects to invest $90 million in revenue from its program, with the money earmarked for a new $54 million, 3,000-space parking garage behind the Excalibur, close to the T-Mobile Arena. The company said it also plans to dedicate $36 million in upgrades and enhancements to existing parking facilities.