The Formula One Las Vegas Grand Prix marks one of the top-selling events globally this year on the secondary ticket marketplace StubHub, while hotel room rates have stabilized.
The inaugural Las Vegas race is the best-selling F1 race of 2023 on StubHub, with an average selling price for a three-day ticket at $2,100, as of Monday. That’s down about 9 percent from the average sale price last week of $2,300.
Half of the tickets sold on StubHub for the Las Vegas Grand Prix hae occurred since the Nov. 5 Sao Paulo Grand Prix.
“The Vegas Grand Prix, marking the city’s return to hosting F1 races after decades, is the top-selling F1 race worldwide on StubHub and one of the most in-demand sporting events of the year,” Stubhub spokesman Adam Budelli said in a statement. “As an event that is often hailed as one of the most premium experiences in live sports, it is a unique opportunity for someone to get their hands on a ticket to a bucket list event at a price that’s staying steady.”
Fans from California are the top buyers on Stubhub for tickets to the race, accounting for 32 percent of all sales. Nevada comes in second at 9 percent, Texas is third, with 6 percent, with Washington and Florida rounding out the top five, at 4 percent each.
The cheapest-priced three-day pass on StubHub is $846, with 1,400 of the multiday tickets available.
Single-day passes are available for Thursday, Friday and Saturday of race week. The cheapest Thursday ticket is $97, with 760 of the single-day tickets available. The least-expensive available ticket for Friday’s practice and qualifying rounds is $211 on StubHub, with 1,000 of the single-day tickets available. The lowest available ticket for race day Saturday is $677, with 1,200 of the single-day tickets available.
Hotel room rates at four Caesars Entertainment properties tracked by the Las Vegas Review-Journal over the last year have remained relatively flat since last week.
The cheapest-advertised average four-night stay — Wednesday through Saturday — at the four properties saw varying prices changes since Nov. 9. The Linq’s four-night stay average rose 16 percent, Planet Hollywood’s dipped 7 percent, while Caesars Palace’s price held steady. After showing no availability on Nov. 9, Paris Las Vegas had availability Monday.
Nov. 2, 2022: $2,694.87;
Nov. 9: 778.58;
The price is up 16 percent week over week and is down 66 percent since Nov. 2, 2022.
Paris Las Vegas
Nov. 2, 2022: $3,497.60;
Nov. 9: No price listed;
The price is down 62 percent since Nov. 2, 2022.
Nov. 2, 2022: $4,336.61;
Nov. 9: $1,082;
The price is down 7 percent week over week and is down 77 percent since Nov. 2, 2022.
Nov. 2, 2022: $5,323.02;
Nov. 9: $2,182.39;
The price week over week is unchanged and is down 59 percent since Nov. 2, 2022.
Original News Source Link – LVRJ
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