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MGM casinos now charging for parking.. MGM casinos now charging for parking..

01-17-2016 , 03:28 PM
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Originally Posted by dcmidnight
Kill the rental car business? In reality this will "kill their business" not at all. The 1% of the 1% of the 1% of LV visitors who read 2+2 will continue to be outraged but no one is going to not go to LV because of it. Chances are pretty good that tourists will just add the $10 to the cost of their trip - anyone flying to LV and/or staying at an MGM property isnt changing this over $10.

The only people really "hurt" by this would seem to be local grinders who hit 2-3 casinos in a day. But then again, I'm guessing they will have a card level high enough to get those fees waived. <-Pure guess.

CET IMO will have to follow suit. Or more importantly, will want to follow suit if it looks like it has succeeded. Money is money to them.

The only disaster I can see is massive lines of people waiting to get into the parking lots.
Tourists would be paying more than $10. People don't just all come for one day and stay at only one garage. They don't just leave their car in the garage until they leave Vegas. And I've read many comments from people who are angry and say they will stop coming to Vegas because of this.

Unlike some other towns, people use cars a lot in Vegas.
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01-17-2016 , 03:42 PM
Quote:
Originally Posted by dcmidnight
Kill the rental car business? In reality this will "kill their business" not at all. The 1% of the 1% of the 1% of LV visitors who read 2+2 will continue to be outraged but no one is going to not go to LV because of it.
I bet you're wrong. A lot of the Cali/Arizona business is spur of the moment. Bunch of guys/gals hop into the car after work with a few hundred bucks in their pocket and Do Vegas. Woooo! This may not stop them from doing Vegas, but it will make them cut back. Five or six trips per year will get cut back to two or three.

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Chances are pretty good that tourists will just add the $10 to the cost of their trip - anyone flying to LV and/or staying at an MGM property isnt changing this over $10.
Are you serious? It's not ten bucks, it's ten bucks every time they park. It could easily total a hundred bucks, or a lot more, especially if they valet.

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CET IMO will have to follow suit. Or more importantly, will want to follow suit if it looks like it has succeeded. Money is money to them.
They will get a lot more money by being the alternative that doesn't piss people off with parking fees.

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The only disaster I can see is massive lines of people waiting to get out of the parking lots.
Getting in isn't going to slow down much. Machine spits out a ticket, they take it, gate opens, voila. There's never a long line at the airport getting in, it's paying and getting out that takes all the time.
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01-17-2016 , 05:58 PM
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Originally Posted by pig4bill
Are you serious? It's not ten bucks, it's ten bucks every time they park. It could easily total a hundred bucks, or a lot more, especially if they valet.
That's not the way hotel garage parking usually works for overnight guests around the U.S. You pay a flat fee for each night of your stay - - say $10 - - and then you can come and go as you please as often as you like. You don't pay the ten bucks each time you park the car. (There are, of course, exceptions wherein you aren't given in-and-out privileges, but that is not usual practice.
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01-17-2016 , 05:59 PM
People will just uber or lyft. Most of the time it will be cheaper and faster than parking. And people who live in Vegas won't go to the strip as much.
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01-17-2016 , 06:03 PM
I heard on the radio yesterday that overnight parking will be $10/day
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01-17-2016 , 06:46 PM
I guess that they don't want my business. There are other places to play.
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01-17-2016 , 11:23 PM
Quote:
Originally Posted by pig4bill
They will get a lot more money by being the alternative that doesn't piss people off with parking fees.
Just like they did with resort fees...
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01-18-2016 , 12:30 AM
a few observations this weekend:

- as expected on what's a holiday weekend for some, the tables had many visitors from LA and San Diego. Many claimed parking fees will stop them from coming. We'll see, as they are already paying high weekend room rates and driving in heavy weekend traffic.

- the locals playing at the Mirage claim they'll play in non strip rooms come April. Again, we'll see, as regulars should be able to jones the system with comps or high tier levels. The Mirage weathered a very long shutdown for remodeling with the regs returning, so it's hard to see them leaving for Sams Town

- the parking ramp at the Flamingo is a joke. Not slated for fees, but half the slots are off limits to hotel guests. Car rental, valet, and assorted reserved signs keep the lower half off limits. There were usually a few spots on the roof, but the elevator stops one level short of the roof so hotel guests were dragging suitcases down the stairs.
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01-18-2016 , 12:58 AM
Bally's was always my favorite place to park unless I was going to Venetian specifically, for convenience of the garage and location and would often end up at Venetian anyway walking around the strip making the rounds. I just hope CET doesn't start this crap. I am guessing if they did that Platinum level card would get Free parking and I am waiting to apply for the credit card next time I go to Vegas for an extended period, which would get me Platinum right away.
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01-18-2016 , 03:48 AM
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Originally Posted by Cooling Heels

- the locals playing at the Mirage claim they'll play in non strip rooms come April. Again, we'll see, as regulars should be able to jones the system with comps or high tier levels. The Mirage weathered a very long shutdown for remodeling with the regs returning, so it's hard to see them leaving for Sams Town
A lot of locals will live closer to places like Red Rock, Orleans, South Point or Green Valley Ranch. The have far better options than Sams Town.

The Mirage having the poker room shut down wasn't that big of a deal because regs could go to Venetian, Caesars, other rooms on the Strip, or locals casinos until Mirage reopened again. I've seen Mirage regs at the Venetian before.

Unless anything changes, it really sounds like poker room comps are worthless for parking, and they won't do anything to give poker players a higher tier level. And even if there will be a way to use poker room comps for parking, that would be a joke unless they increase the comps.
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01-18-2016 , 04:43 AM
Quote:
Originally Posted by DC2LV
That's not the way hotel garage parking usually works for overnight guests around the U.S. You pay a flat fee for each night of your stay - - say $10 - - and then you can come and go as you please as often as you like. You don't pay the ten bucks each time you park the car. (There are, of course, exceptions wherein you aren't given in-and-out privileges, but that is not usual practice.
I wouldn't be confident that things will be reasonable. Charging people extra when they come in and come out actually makes a lot of sense. It keeps people at MGM properties where they will spend their money to eat, gamble, etc. instead of having them go somewhere else to do those things. It also makes more $$$ from the people who decide to come and go anyway.
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01-18-2016 , 06:26 AM
There will be no net gain for MGM. the $10 cost of parking will come out of the visitor's allotted money for the trip. It will come out of MGM's gaming revenues and shopping and dining income.

But some suit somewhere will look at the parking revenue and say "See, I'm a genius," while the other suits from other departments ...

CET, if smart (not likely) keeps their parking free and crushes MGM. People aren't too likely to park at a CET joint and walk through a CET casino to go to an MGM casino, and if they do, fine, nothing a business should want more than to get it's competitors customers in their own house first every day.
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01-18-2016 , 10:19 AM
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Originally Posted by OMC
CET, if smart (not likely) keeps their parking free and crushes MGM. People aren't too likely to park at a CET joint and walk through a CET casino to go to an MGM casino, and if they do, fine, nothing a business should want more than to get it's competitors customers in their own house first every day.
IIRC CET did this with resort fees for a while. Hey stay here, no resort fees, we're not MGM. I dont know exactly how long that lasted but it wasnt too long before someone said "wait a minute, this makes no sense..."And people still came and stayed at CET properties.

Resort fees average what, $30 a day or so across the Strip? That hasnt dampened tourism in the least. After all the huff and puff has settled down, I dont imagine this will either.
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01-18-2016 , 12:24 PM
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Originally Posted by Natamus
First things first I feel for the Valet workers at MGM resorts. I assume charging for Valet will essentially kill the tips those works depend on. In L.A. the only tips the Valets usually get are rounding up to $5 or $10 bills (I.E. Jones Resturant in West Hollywood has a Valet for $4.50 so the Valets often are just getting .50 tips as patrons give them $5 for parking feeling validated in the 12% tip on the $4.50 valet charge.)

So if they are charging $10 for parking at upper level resorts and $8 at the mid-level resorts then the valets at the upper-level resorts will almost ALWAYS get no tip from conventioneers and tourist and may get $5-$10 from tourist and gamblers.

The valet workers at the mid-level resorts that charge $7-$8 will still at least get tips from people who give them a 10 or two 5s or a 20 and only ask for a 10 back.

But charging for Valet parking will hurt the blue collar Valet workers most of all in this corporate profit scheme to appease wealthy shareholders.
I don't feel bad for them. They're massively overpaid and have their jobs bc of connections that anyone can do and most people would kill for.
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01-18-2016 , 12:29 PM
Quote:
Originally Posted by dcmidnight
Kill the rental car business? In reality this will "kill their business" not at all. The 1% of the 1% of the 1% of LV visitors who read 2+2 will continue to be outraged but no one is going to not go to LV because of it. Chances are pretty good that tourists will just add the $10 to the cost of their trip - anyone flying to LV and/or staying at an MGM property isnt changing this over $10.

The only people really "hurt" by this would seem to be local grinders who hit 2-3 casinos in a day. But then again, I'm guessing they will have a card level high enough to get those fees waived. <-Pure guess.

CET IMO will have to follow suit. Or more importantly, will want to follow suit if it looks like it has succeeded. Money is money to them.

The only disaster I can see is massive lines of people waiting to get into the parking lots.
I agree it won't prevent tourists from renting cars. but i could see it negatively impacting business from locals who don't want to spend 2 grand a year to park at a casino. if they make free parking easy to earn that's a different story.People don't like feeling gouged and want to feel like they get something for their money. It's why psychologically most people feel better if they lose 1000 dollars in the pit but get 200 dollars worth of "free" meals etc rather than if they lost 800 and got nothing in comps.

I could also seeing long lines bc of this nonsense really pissing people off.
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01-18-2016 , 01:26 PM
I'm really curious to learn more of the details. I see $10/day being tossed around as the fee but I'm curious how it will be charged. Say I wake up one morning and need to run to the market for something my wife needs. Then we decide to head somewhere off strip for lunch. And then in the afternoon, we feeling like heading to the outlets for shopping. If MGM is going to hit me for $10 each time I leave the garage, that's going to substantially effect my decision to rent a car while I'm there.
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01-18-2016 , 01:30 PM
Quote:
Originally Posted by dcmidnight
Resort fees average what, $30 a day or so across the Strip? That hasnt dampened tourism in the least. After all the huff and puff has settled down, I dont imagine this will either.
How do you know? Bad experiences with resort fees have certainly kept more than a few away. It's never just one thing. At the moment (almost) unlimited free parking is one of LVs big pro's. If this transforms to a big con, this will tip the balance for quite a few prospective visitors.
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01-18-2016 , 02:29 PM
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Originally Posted by Fike
I'm really curious to learn more of the details. I see $10/day being tossed around as the fee but I'm curious how it will be charged. Say I wake up one morning and need to run to the market for something my wife needs. Then we decide to head somewhere off strip for lunch. And then in the afternoon, we feeling like heading to the outlets for shopping. If MGM is going to hit me for $10 each time I leave the garage, that's going to substantially effect my decision to rent a car while I'm there.
If they do it the way hotels in other cities do it, overnight guests will be $10 and you can come and go. That's for hotel guests though. My assumption is that there will be hourly rates that probably max out at $10/day for all others.

This should come as no surprise to anyone who has the smallest idea of how publicly-traded companies operate, but the top execs at MGM have bonuses tied to the PGP (Profit Growth Plan, which this is a part of). So it's yet another short-term gain that directly benefits the execs but has potential long-term consequences that, if they come to pass, would screw the company and shareholders.
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01-18-2016 , 02:49 PM
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Originally Posted by FWWM
How do you know? Bad experiences with resort fees have certainly kept more than a few away. It's never just one thing. At the moment (almost) unlimited free parking is one of LVs big pro's. If this transforms to a big con, this will tip the balance for quite a few prospective visitors.
And how do *you* know *that*? The overall visitor numbers seem just fine - despite all of these things that pop up that make people think the sky is falling. Room rates, resort fees, 6:5 blackjack etc. Sorry but I just dont see a $10 parking charge as making a massive # of people cancel their trip.

Visitor #s

2011 - 38.9M
2012 - 39.7M
2013 - 39.6M
2014 - 41.1M
2015 - 39.0M (does not include Dec, which has been @ 3M)

My only point is that these things have come up more than once in the last 20 years and the sky doesnt seem to have fallen just yet.
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01-18-2016 , 03:02 PM
As long as the drinks remain free the "woot woots" won't care about any other fees.
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01-18-2016 , 03:43 PM
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Originally Posted by MSchu18
this makes some sense at the Grand because that parking structure gets crazy most weekends and insane on large event weekends.

I cant see this at other properties going forward in the immediate future until they can see the effect of it at the premier property.

I'd be willing to cough up 5 bucks with validation possibility... just like they do down town.
I live on the East Coast but - in addition to a yearly poker trip - have been out to Vegas for every Pacquiao fight in Vegas since 2009 and every Mayweather fight since 2013. I've rented a car every single time and have *never* had a problem finding parking in the MGM garage, even on the day of the Mayweather/Pacquiao fight (despite the casino itself being so swamped that day that you could barely walk through much of it).

Don't remember how many floors the MGM parking garage has but have never had to go above the 5th floor to find a space, even on mega fight nights.

Would imagine this will inevitably lead to CET and other strip properties charging for parking, similar to how they followed suit with the resort fees. I'm actually not too worried about it though, cheap skates like myself should be able to find workarounds to avoid the fees LOL...
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01-18-2016 , 04:20 PM
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Originally Posted by A_C_Slater
As long as the drinks remain free the "woot woots" won't care about any other fees.
don't give them any ideas
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01-18-2016 , 04:57 PM
Free booze will always be there because it leads to poor decision-making. The lifeblood of casinos.
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01-18-2016 , 07:11 PM
Why are people comparing this to resort fees and 6/5 blackjack? What percentage of customers are serious blackjack players? Many don't play blackjack at all and won't care. The resort fees affect a higher percentage, but MGM properties still have a lot of customers (locals and tourists) who aren't paying them and won't care, and even some who are paying might not really notice much.

The parking fees affect a much higher percentage of customers and are much more noticeable.

Unfortunately I'm afraid that they could get away with it anyway even though it will have an impact on how much they make with gambling, restaurants, rooms, etc. I definitely will not be paying for parking, food, slots etc. when this starts hoping that it will backfire on them.
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01-18-2016 , 07:38 PM
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Originally Posted by parisron
Bally's was always my favorite place to park unless I was going to Venetian specifically, for convenience of the garage and location and would often end up at Venetian anyway walking around the strip making the rounds. I just hope CET doesn't start this crap. I am guessing if they did that Platinum level card would get Free parking and I am waiting to apply for the credit card next time I go to Vegas for an extended period, which would get me Platinum right away.
Man, that's absurd. Every CET place parking is just an absolute nightmare.
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