Hoping to live like a king next time you head to Vegas?
You're in luck. Stay in the 9,000-square-foot, three-bedroom Two Story Sky Villa at The Palms, and you'll receive the royal treatment, including access to a cantilevered Jacuzzi with clear views of the Strip, a butler, poker table, private gym and media room.
The princely per-night price? $25,000, landing it atop our list of the world's costliest suites.
"Hotels are trending toward having more suites," says Bjorn Hanson, a principal in the Hospitality and Leisure Practice at PricewaterhouseCoopers. "The economy is strong, corporate travel budgets aren't in a period of restriction, and it adds more sexiness to a hotel to have an extravagant room."
The suite life
While there are no clearly defined criteria, Joe McInerney, president and CEO of the American Hotel and Lodging Association, says that calling a room a suite means that it's larger than the average room at the hotel. And, instead of one room, a suite usually has a few separate rooms.
While it might add glamour for a hotel to have a suite, the most expensive ones are generally showcases and don't bring in a large amount of revenue for the property.
"The top-tier suites at hotels have very high price tags, and their occupancy might be much lower than for the hotel overall," says McInerney. "Hotels also anticipate these suites will be used on a complementary basis, so there will be limited revenue from them."
Likely candidates for these perks include celebrities and recognizable names. Housing a celebrity or high-profile person in a hotel's best suite is a marketing tactic that adds cache to the hotel and to the specific room.
In Pictures - World's Most Expensive Hotel Suites
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Source - Forbes
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