Not everyone who flies into Las Vegas is looking for penny slots and cut-price hotel rooms—and Wynn Resorts CEO Craig Billings isn’t shy about saying so. During a recent earnings call, Billings, who oversees one of the most luxurious properties on the Strip, made it clear that Wynn Las Vegas isn’t built for travelers counting every dollar.
A Luxury Hotel That Doesn’t Pretend to Be Anything Else
Asked about growing complaints that Vegas is becoming a “rip-off,” Billings didn’t hesitate. The people grumbling about prices, he suggested, probably aren’t his guests to begin with.
“Our clientele doesn’t make decisions based only on cost,” he explained, sounding confident and unapologetic. “What they do care about is value—and their expectations on that front are incredibly high.”
Wynn guests, after all, are used to premium experiences. The resort is known for its upscale dining, packed nightlife venues, high-end spa, and plush rooms—not exactly a budget playground.
Delivering Luxury and Showing Receipts
Billings didn’t pretend the resort is immune to tourism slowdowns—but he made one thing clear: Wynn believes it delivers enough value to justify its price tag.
The numbers back him up. In the latest quarterly report, Wynn Las Vegas generated $621 million in revenue and $203.4 million in adjusted earnings, beating last year’s performance. The CEO credited strong summer demand and a strategy focused on maintaining premium room rates rather than chasing volume.
So, How Much Does Wynn Really Cost?
For those curious (or brave enough to check), a night at Wynn during peak summer can run anywhere from $1,000 to $8,000 depending on the room and season. In slower months, prices drop to roughly $375 to $1,800 a night—still luxury territory.
And some guests expect that luxury in unexpected places. Billings even recalled a recent complaint about difficulty peeling complimentary spa oranges—proof, he joked, that when someone bothers to complain about fruit, things are going pretty well overall.
“Premium, Yes—But Not Predatory Prices”
Billings insisted that Wynn doesn’t play games with hidden fees or surprise add-ons. According to him, the resort’s mini-bar prices are actually lower than some competitors’, and Wynn held out on charging for parking for as long as possible. Even now, hotel guests still park for free.
“We don’t want our guests to feel nickel-and-dimed,” he said. “That’s why we haven’t seen the kind of backlash you see elsewhere, especially online.”
Challenges Ahead But Confidence Remains
Next year, Wynn will temporarily remove around 80,000 rooms from availability while renovating the Encore tower—potentially shaking up room supply and pricing. But Billings remains upbeat, both about his brand and Vegas in general.
He reminded listeners that Las Vegas still offers plenty of affordable options for budget travelers. At the same time, it’s historically been a place where people splurge for a few days to escape reality. Any complaints, he argued, tend to be about perceived value—not just the dollar amount. Wynn’s job, he said, is to stay on the right side of that perception.
“If Vegas Prices Plunged Tomorrow, We’d Still Stand Out”
Even if hotel rates across Vegas were to fall dramatically overnight, Billings believes Wynn would still command a premium price. Why? Because, as he emphasized again and again, the resort promises value at every turn.
In his view, guests don’t mind paying more when they’re getting more. And at Wynn, he insists, that promise is kept.