Room rates on Las Vegas Strip climb 9.6%

08/9/2011 | Wall Street Journal, The

Strong results from MGM Resorts International and Caesars Entertainment indicated that consumers are spending more on hotels and gambling on the Las Vegas Strip. Average daily hotel-room rates in the area increased 9.6% for the first five months of the year, compared with the same period a year earlier, and average occupancy increased 4.2 percentage points.

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Wall Street Journal, The

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