Answer: Just a little. But this is only the beginning. We report to a complete new set of empty suits upstairs (new from out of town) who have no idea that the entire tourist climate has changed - with the recession, high gas prices, etc. Even as occupancy is dropping every month, we haven't changed our prices at all (except they really jacked up prices in all the restaurants).
Our empty suits are actually talking about raising room prices after some renovations. I predict that they are in for a big surprise.
Keep checking on sites like
Anthony Curtis' Las Vegas Advisor - Home: Las Vegas, Las Vegas Hotels, Las Vegas Coupons and in a couple of years -- you will see some places offering good room bargains -- when it finally sinks in that room occupancy percentages are dropping (everywhere except the newest properties) every time new capacity comes on line (all sorts of projects in the works right now that will add lots of new rooms in the next few years).