March 4, 2015 Leave a Comment
MGM GRAND LAS VEGAS – Believe the hype about the hype.
The match between Floyd Mayweather and Manny Pacquiao is still two months out, the fight has yet to be formally announced beyond social media channels, and tickets have not yet gone on sale. But the May 2 fight is already setting records, driving room rates to never-before-seen levels since the bout was first announced a little over a week ago.
“When was last time rates were this high? Never. The only thing I can think of that even comes close would be New Year’s Eve in 1999 (into 2000), but even that was not this high,” said Micah Richins, Sr. Vice President of Revenue Management. “We’d been holding rates high even before the announcement, but the demand even exceeded those expectations.” READ MORE