WEEKEND ROOM RATES CONTINUE SLUMP

May 12, 2001 8:38 PM
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Weekend room rates in Las Vegas declined 7.4% to $239, the seventh decline in the last nine weeks, according to investment firm Bear Stearns.

Conversely, weekday room rates increased 32% to $121, which reflects the increasing number of conventions held in the city.

Bear Stearns analysts said lower weekend rates suggest a slowing of leisure travel, especially drive-in traffic from California.