🏗️ Property

Excalibur

📍 Las Vegas, Nevada
4 stories · First covered Mar 31, 2026 · Latest 4d ago
Excalibur Coverage
Las Vegas Is Selling Itself Like a Cruise Ship Now. That's a $183 ADR Admitting Defeat.

Las Vegas Is Selling Itself Like a Cruise Ship Now. That's a $183 ADR Admitting Defeat.

Resorts World and MGM are bundling rooms, meals, and entertainment into all-inclusive packages for the first time on the Strip. When two of the biggest operators in Las Vegas start pricing like Caribbean resorts, the question isn't whether it works... it's what the 7.5% visitor decline already cost them.

Vegas Operators Are Selling $165-a-Night All-Inclusive Packages. Do the F&B Margins Survive That?

Vegas Operators Are Selling $165-a-Night All-Inclusive Packages. Do the F&B Margins Survive That?

MGM is bundling rooms, meals, shows, and parking at Luxor and Excalibur for $165 per night all-in, while the Plaza is at $104 per person. The per-night economics tell a very different story than the press release.

MGM's $330 All-Inclusive Package Isn't All-Inclusive. It's a Bundled Coupon Book.

MGM's $330 All-Inclusive Package Isn't All-Inclusive. It's a Bundled Coupon Book.

MGM is calling its new Luxor and Excalibur package "all-inclusive," but anyone who's actually run an all-inclusive knows this is a pre-paid bundle with guardrails, dedicated menus, and a prayer that guests don't do the math on margin once they're inside the building.

MGM Just Turned Luxor and Excalibur Into All-Inclusives. I've Seen This Desperation Play Before.

MGM Just Turned Luxor and Excalibur Into All-Inclusives. I've Seen This Desperation Play Before.

MGM is bundling rooms, meals, shows, and parking at its two cheapest Strip properties for $330 a stay, calling it innovation. When you start packaging everything together at your value tier because nobody's walking through the door on their own, that's not a new product... that's a fire sale with better marketing.