Las Vegas casinos raise parking fees
For self parking at MGM Grand, Mandalay Bay, The Mirage, Delano and New York, New York, instead of getting up to four subsequent hours at $7, only the first two will be charged at that rate. After that, the next two hours jumps to $10. Beyond four hours, it climbs an extra two bucks to $12.
Prices for self parking are also jumping at Aria, Bellagio and Vdara under the same tiered system. Those rates are now $7, $12 and then $15.
Yvette Monet, spokeswoman for MGM International, said the increase was “based on market analyses we have conducted since we implemented the program.”
Anthony Lucas, professor of casino management at the University of Nevada Las Vegas, said the parking fee hike was probably already built in as a strategy to avoid hitting people too hard with the initial introduction of it last year.
“I would say it’s a scheduled rate hike,” Lucas said. “We’ll roll it out cheap and raise it in a year. They map out the cash flows year to year to year until they get to where they want to be. Or at least monitor to see how it’s going.”
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