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Las Vegas has more hotel rooms than any other city in the United States. Along with the tremendous volume comes a tremendous variety, ranging from huge and magnificent (and perhaps a bit decadent) suites to 'rent by the hour' budget type rooms.
Overall, Las Vegas has reasonable hotel room prices when compared to other cities. Resorts often lower rates simply to entice you to stay with them making their money from your losses in their casino.
Upscale
If you are looking for elegant rooms where price isn't much of an object (within reason), try The Venetian, THEhotel at Mandalay Bay, Bellagio, Four Seasons, Caesars Palace and some of the other nicer hotels.
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