Las Vegas Grand Prix: Ticket Prices Plummet as Fans Demand Lower Rates

Hotel rates in Las Vegas for Formula One week have been lowered to "commercially reasonable" prices in order to accommodate tourists not attending the race. However, many racing fans are upset as they had already booked their rooms at much higher prices. The price reductions have come too late for some, including a UK resident who had to change her wedding plans due to the high hotel rates. Las Vegas Convention and Visitors Authority President and CEO, Steve Hill, acknowledged the price drops and stated that the city needs to fill the remaining hotel rooms with customers not attending the Formula One event.