LAS VEGAS ( KLAS ) — All this talk about plunging F1 ticket prices might be concerning — unless you’re Wynn Las Vegas, where room rates are $1,700 a night during the Nov. 21-23 event.
After all, Wynn is about luxury and there’s just really not much of an economic pinch on that crowd, executives indicated as the company reported its third-quarter earnings on Monday.
“In Vegas, the high-end consumer — our consumer — continues to hold up,” Wynn Resorts CEO Craig Billings said. He looked ahead to what Wynn Resorts is expecting around race weekend.
“Q4 and F1 is actually shaping up quite nicely for us. You can look at our room rates — our posted, published room rates relative to our competitors — and you can see that we’re pricing at a very significant premium to the rest of the Strip,” he said.
If $1,700 isn’t out of your price range, you can think about the $7,500 Grand Fan Package (starting price), which includes a three-night stay and two Grandstand tickets. Still listening? How about the F1 Paddock Club package , starting at $45,000?