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Cosmo Resort Fees Set to Increase 1/1/19

Discussion in 'Hotels' started by momnkid, Apr 24, 2018.

  1. momnkid

    momnkid Silver
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    #1 momnkid, Apr 24, 2018
    Last edited: Nov 9, 2023
  2. tringlomane

    tringlomane Theoretical Video Poker Addict
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    I guess we'll let you join...
    At least they are giving ample warning unlike their competitors I suppose.

    Unfortunately $39 + tax is what most top tier hotels are at now, iirc. They have to keep 3rd party hotel sites' hands off of all their money. :(
     
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  3. tringlomane

    tringlomane Theoretical Video Poker Addict
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    I guess we'll let you join...
    Our last night out of pocket at Mirage is $52 + $37, so that's a 71% increase. But it's just part of the cost for gambling fleas...
     
  4. NickPappageorgio

    NickPappageorgio ¿Quién vigila a los vigilantes?
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    When the choice is to pay the resort fee or stay off Strip or out of Downtown/Not go to Vegas people are choosing the former option and will likely continue to do so.

    There's ALWAYS a small ruckus about these things when they happen, (also, parking) but then it fades away and the resorts know and understand this.

    Corporations, for better or worse, have slowly conditioned the buying public to accept fees as a cost of doing business. Will there be a "tipping point"? Sure, eventually they will start to price people out of the market, or financial times will turn and people will start making different decisions with their buying power.

    Until then however it's a race to the bottom and no one wants to come in 2nd.
     
  5. NickPappageorgio

    NickPappageorgio ¿Quién vigila a los vigilantes?
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    In a perfect world they'd advertise that room rate at $89 per night.

    THAT's what I'd like to see, truth in advertising. If you cannot reasonably opt out of the room fees then they should be included in the nightly base rate. TI advertises "optional" fees which they're trying to use as a selling point. I would imagine, in almost all cases, it would be cheaper to opt out of the resort fee and purchase wi-fi as needed and buy into the fitness center if you so desire. IF you could opt out of the resort fee which I believe requires a blood oath, the soul of your first born and a signed Congressional order at both MLife and CET.

    I could be mistaken on the Congressional order however.
     
  6. VegasMonkey

    VegasMonkey the pleepleus
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    Isn't that what Ricky Bobby says?
     
  7. tringlomane

    tringlomane Theoretical Video Poker Addict
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    Oh mutter to ourselves, sure. Also when it comes to these things, if anything of significance is wrong with that room, they will hear about it. It sucks to do that, but the first thing they'll tend to do is waive the resort fee "for the inconvenience".
     
  8. NickPappageorgio

    NickPappageorgio ¿Quién vigila a los vigilantes?
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    As stated above I'd like to see the resort fees included in the base rate if you cannot opt out of them.

    As far as taxes go I believe that they ARE taxed, but I'd have to go look at an old bill to be sure.

    If I remember correctly however the tax is not required to be itemized. So it's a little opaque. Which is again a problem.

    I could see a day when some smaller property tries to roll the fee into the rate as described above. "Revolutionary" or "true" pricing is a good name. But I don't think that will come unless the outrage becomes so loud that Congress starts thinking about intervening on all the fees.

    If it happens it will be driven by the airlines, who make the casinos look like rank amateurs when it comes to fees.
     
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  9. tringlomane

    tringlomane Theoretical Video Poker Addict
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    Resort fees are also taxed at the the same 13.35%? rate. I left taxes out of my examples out of laziness/convenience.
     
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  10. CLE_Greg

    CLE_Greg Bronze

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    (Quickly looks up Identity Rewards page to see if I’m subject to fees)...

    In all seriousness I’ve always stayed on a host comped room or marketing offer and don’t recall ever paying anything but tips. That said, I’m not surprised. I think the V/P which IMO is the closest in quality, is like $40+...
     
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  11. NickPappageorgio

    NickPappageorgio ¿Quién vigila a los vigilantes?
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    Paraphrasing Mel Brooks.....It's good to comp the fees.

    That said I'd guestimate that less than 1% of all Vegas visitors gamble enough to get their fees comped. Don't get me wrong, I'm not disparaging those of you who do. I wish I had the gambling bankroll (and risk tolerance) to gamble at that level but the fact is that I don't and I never will. Nor will most people TBH.

    The sad fact, not for casinos obviously, is that fewer and fewer people are coming to Vegas to "blow their wad" gambling these days and are coming for the entertainment, food and drink. The vast majority of those folks are paying resort fees and are complaining about them to friends and family. Who might, one day, start taking that into account when deciding what to do with their entertainment dollars. With the coming rules on PASPA and their expected effect on online gaming there could come a day when gambling in Vegas moves down to the 3rd or 4th tier on priorities for people, especially on the Strip. As more and more locals get casinos and resorts the Vegas experience advantage could get minimized. Granted, I think we're still a ways out for that and if history has taught us anything Las Vegas will eventually wise up and stop resting on it's laurels and reinvent itself (again).

    Before we witnessed the sad spectacle of Steve Wynn I was VERY interested in seeing what Wynn West was going to look like. My thought was that it was going to contain a very, very small casino and a shit-ton of shopping, food and entertainment, almost no comped drinks and items that made it very difficult to get a comped room unless you were among the tip-top of gamblers.

    For all of the talk of CET's devaluation of the Diamond level and MLife's decimation of NOIR I think you're seeing this unfold. Las Vegas will probably always have casinos, but how they look going forward might be starkly different from how they look today, or even how we think they're going to look. I imagine a room of slots, filled with electronic table games (craps, roulette, multi-play) etc. with live dealers reserved for the high-limit salons. Bar-top VP will still be a thing but drinks will not be comped for playing for that or traditional slots except in the HL salon, and only then with a certain amount of coin-in, that amount will be very high. Room rates will increase either due to true pricing or the continued increase in resort fees and while you can still get almost anything you want in Vegas, you're going to have to pay for it, through the nose.

    Some smart, enterprising young casino mogul will eventually open a new property that does things a different way, but I haven't quite worked out an imagining what that's going to look like. Will it be revolutionary like the Mirage or devolutionary in nature?

    God willing I'm still healthy enough in my advanced years to head to Vegas and check it out.
     
  12. tringlomane

    tringlomane Theoretical Video Poker Addict
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    Yeah, Cosmo generally isn't the one coming up with the ideas to squeeze the consumer, they are just reacting to the market, which no one can blame them for. I look forward to spending time there in a couple of weeks :)
     
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  13. CLE_Greg

    CLE_Greg Bronze

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    That number seems low, and I don’t think my bankroll is “high roller” in anyway but I suppose it’s all relative. It would be interesting to see what the average LV long weekend bankroll is. Things are likely very skewed on this board so you might be right. I view my BR as my trip budget. I’m (un)fortunate enough to have to travel every week for work so my flights are generally free, my rooms are comped and usually transport and food get mostly back end comped as well. My only real expense is my potential loss. If I were to go to a 5 star resort somewhere that had the quality of room as the Cosmo or VP and payed for all of my food and booze and activities I would likely spend close to the same with zero possibility of getting any of it back or enjoying the “culture” of LV. That said, on most trips the $40/night fee would be 10-100x cheaper so maybe I’m looking at this all wrong.

    I have to say, I hope you’re wrong or at least it takes a long long time. I don’t see the value in shopping, sightseeing, or doing much else in Vegas outside of Gambling Degenerately, Smoking Freely, Eating Gluttonously, and Drinking without (much) regret. There are few places in the world that allow for this kind of get away and I’d be sad to see it change. My wife and I are in the minority with our friends and family who just don’t understand our obsession, but it works for us. It’s our happy place. I’d gladly pay a premium to continue to have my 4 or 5 breaks a year in a place that allows us to completely unplug from the real world and responsibilities and focus on laughing, relaxing and recharging. We just happen to think that gambling/LV in the way that is today is the way to do so. (Sorry, rant over)
     
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  14. Hard4

    Hard4 Gold

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    Yes to all of the above
     
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  15. Marky147

    Marky147 Bronze

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    I have to pay for my rooms, because the only gambling I do is with my liver.

    I don't get annoyed by how they package the rooms up. The RFs, extra toilet roll fees, or whatever. I just look at the price, and if I'm happy, I pay.

    However, I am tempted to start gambling, as my parents came to Vegas last summer, and got their whole 17 nights in the Rush Tower comped, based on my mother's slot play @ ~75c a spin!
     
  16. CLE_Greg

    CLE_Greg Bronze

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    If your mom is like my wife, 75c a spin can translate into mid 4 figures very quickly...
     
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  17. Marky147

    Marky147 Bronze

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    I think my old man only gave her like $200 a day, and she only ever bust that a couple times. She actually didn't lose much over the trip, as mine was going so well, I bought all their dollars from them when they left :rolleyes:
     
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  18. CherriesJubilee

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    At least Cosmo makes it clear that people of a certain Identity level have the fee waived, so there's no guessing or wondering. Many casinos (cough, Mlife) randomly charge the fee on some offers and sometimes they don't...
     
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  19. DannyOcean11

    DannyOcean11 Bronze
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    I think Priceline, Hotels.com, and all those sites should tell the hotels and resorts that they are instituting an "all-in" price listing(room rate and resort fees), will charge their customers that "all-in" price and take a cut of that "all-in" price. And any hotel or resort that won't agree to that will not longer be available on their site.

    If a large enough percentage of a hotel/resort's bookings come from those sites, they'd just have to play along.
     
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  20. CLE_Greg

    CLE_Greg Bronze

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    Yes I agree, that is nice and I think it’s their policy to always comp resort fees on marketing offers, but I could be mistaken. Come to think of it, Im pretty sure they are the only ones to do so.
     
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