The Venetian in Las Vegas exits IHG portfolio: here are the details
If Marriott is growing on the Strip thanks to its agreement with MGM and the recent announcement of the opening of the new W Hotel, instead [...]
United States of America
If Marriott grows on the Strip thanks to deal with MGM and to the recent announcement Of the aperutra of the new W Hotel, In place of old Delano, IHG faces a loss of one of the most iconic facilities Of all Sin City: the Venetian.
Venetian Farewell to IHG
In this article:
Those enrolled in the program One Rewards lose one of the best redemption opportunities in the city of Sin.
The Venetian Resort Las Vegas and The Palazzo at The Venetian Resort will exit the IHG portfolio at the end of 2024, ending a partnership that lasted more than 15 years.
Although the partnership will be discontinued in the new year, IHG One Rewards members can still earn points on existing reservations for stays through March 31, 2025.
IHG an insignificant loss
The end of this partnership will result in a decrease of 7,092 rooms, about 0.7% of the overall size of the IHG chain, IHG representatives said partnership contributed "less than $1 million," or only 0.1% of the company's revenue from fee-based activities in 2023.
At this time, Venetian ownership has not announced whether, and if so with whom, it will enter into other business partnerships.
