The Cost of Attending the Las Vegas GP 2025: Accommodation Prices Drop Again

Ben Mendelowitz Sports Betting Expert

3 minute read

2YN13BJ 23rd November 2024; Las Vegas, Nevada, USA. F1 Las Vegas Grand Prix; Race Day; Vegas is ready for F1 (IMAGE CREDIT: ALAMY)

The Las Vegas Grand Prix is back for 2025 — and while the racing remains blisteringly fast, accommodation prices are slowing down for the second year in a row. After the notoriously expensive inaugural 2023 event, lodging costs plunged in 2024 and have dropped even further for 2025 in the casino capital.

For once in Vegas, the house isn’t winning.

Why the continued drop? The huge prices in 2023 were mostly the result of first-year hype — hotels pushed rates far beyond real demand. 

Since then, prices have corrected as resorts reset expectations, more room inventory became available, and the LV GP settled into a typical November travel pattern. The result is a far more realistic price point for 2025.

Key Takeaways

• Accommodation is 23.9% cheaper year-on-year (2024 → 2025)
  
• Airbnb prices fell 22.4% vs. 2024
  
• Hotel prices (Booking.com) dropped 24.5%
  
• 2025 average accommodation price: $725.17
  
• Prices remain dramatically lower than 2023, when stays cost over $2,000 on average

In short: the LV GP is no longer a premium-priced novelty event — it’s settling into the normal Vegas pricing cycle.

Accommodation Costs for the 2025 Las Vegas GP

For the 2025 race weekend (Nov 21–24), accommodation remains far more affordable than in previous years.

Here’s how race-weekend pricing compares to the weekends immediately before and after it:

2025 Race Weekend (Nov 21–24)

• Airbnb: $413.86
  
• Booking.com: $1,036.48
  
• Average: $725.17

Compared with surrounding weekends:

The pattern is clear:

Airbnb prices stay relatively stable, but hotel rates explode during race weekend.

This mirrors the pattern seen in 2024, with Airbnbs staying steady across the month while hotels surge only for race week.

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Year-on-Year Comparison: 2023 vs. 2024 vs. 2025

Accommodation prices have collapsed since the race’s debut year.

Accommodation prices have collapsed since the race’s debut year.

The biggest drop came in 2024, when hotels corrected the aggressive pricing seen in year one. The smaller decline into 2025 suggests the market has now stabilised, with race-weekend prices returning to something much closer to typical November levels.

What This Means

• Average accommodation is now 66% cheaper than 2023
  
• Airbnb costs have dropped nearly 80% in two years
  
• Hotel prices are more than 55% lower than 2023
  
• 2025 continues the steady decline in lodging costs

For fans who skipped the early years due to price shock, 2025 is the friendliest year yet.

“What we’re seeing in 2025 is the LVGP finally settling into its true market value,” says a senior analyst at Vegas Insider specialising in sports data analysis. 

“The first-year prices were inflated by hype, but the market corrections in 2024 and 2025 have made the event far more accessible.”

Overall, the difference between Airbnbs and hotels becomes clearest when you zoom in on the race-weekend surge itself.

Accommodation Price Trends Around Race Weekend

A quick snapshot of how the 2025 GP inflates lodging costs:

• Airbnbs show almost no race-weekend surge
  
• Hotels jump dramatically, increasing more than 40% on that specific weekend
  
• The cheapest stay overall is the weekend after the GP, averaging just $574.83

Anyone flexible with travel dates can save hundreds simply by shifting their trip a few days.

Methodology

We analyzed accommodation pricing for the 2025 Las Vegas Grand Prix using publicly available data from Airbnb and Booking.com.

The goal was to evaluate how the event impacts lodging costs and how prices compare across 2023, 2024, and 2025.

We focused on typical, non-luxury accommodation and compared like-for-like room types across platforms. Prices reflect standard stays for two adults

Data Collected

Accommodation Platforms:

• Airbnb
  
• Booking.com

Dates Analyzed (2025):

• Nov 14–17 (week before the GP)
  
• Nov 21–24 (GP weekend)
  
• Nov 28–Dec 1 (week after the GP)
  

Historic Data Included:

• 2023 official accommodation averages
  
• 2024 Airbnb and Booking.com pricing for the same GP weekend
  

Metrics Evaluated

• Average accommodation cost per weekend
  
• Percentage changes year-on-year
  
• Airbnb vs. hotel price differentials
  
• Event-weekend surge vs. surrounding dates

This content was created to inform F1 fans, media, and bettors about lodging trends surrounding the Las Vegas GP.

You can find the data set in full here. 

Ben Mendelowitz

Ben Mendelowitz is a Digital PR expert who has a keen interest in a variety of sports. His research has been featured in USA Today, Sports Illustrated, Patch and Fortune, amongst other media outlets. Ben is based in London, and is a big fan of Chelsea. More from Ben Mendelowitz