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Wynn Resorts’ New Financial Forecasts For Its UAE Project: 5 Takeaways

Skift Blog

Skift Take: Days after getting the green light for gaming, Wynn gives a presentation to investors. Here are the highlights. Josh Corder Read the Complete Story On Skift

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5 Tips to Building a Casino Revenue Management Strategy

Hotel Speak

When it comes to revenue management, casino resorts require a different approach than traditional hotels. Implemented effectively, a solid casino-centric revenue management strategy can help casino managers market their casino to the right audience and price their products to boost bottom-line revenue.

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Duetto unveils new look

Hotel Business

The website refresh also includes new, easy-to-navigate pages on property types, including hotels, casinos, resorts and extended stay, as well as revenue challenges, such as total profit optimization, multi-property management, forecasting and reporting. The post Duetto unveils new look appeared first on hotelbusiness.com.

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AI’s Impact And Use Cases In The Hotel Industry

Hotel Speak

The discussion centered on AI’s impact and use cases within hotels and casinos now and in the near future. Modern RMSs are going to need to ingest more data faster, quickly assess the data’s predictive impact, and when and where appropriate, use that data to make better pricing recommendations and improve forecast accuracy.”

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LE: Global construction pipeline at all-time high room count

Hotel Business

Upper-upscale closed Q1 with 1,999 projects/445,207 rooms, up 7% by projects and 5% by rooms YOY; upscale hotel projects stand at a record 4,093 projects with 711,510 rooms, up 7% by projects and 4% by rooms YOY; and casinos increased 6% by projects and 3% by rooms YOY to stand at 53 projects/25,023 rooms.

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Global Hotel-Construction Pipeline Hits All-Time High for Room Counts in Q1 2024

Hotelier Magazine

Overall, however, throughout the next three quarters, LE forecasts an additional 952 new full-service hotels/181,148 rooms to open, totaling 1,129 new full-service hotels with 213,759 rooms to open by year-end 2024. Globally, the countries with the greatest number of full-service projects in the total pipeline at Q1 are led by the U.S.

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Choice opens 500th extended-stay property

Hotel Business

Located along the New River with scenic views and a riverwalk, the hotel is near Luke Air Force Base, Arizona State University West Valley Campus, State Farm Stadium, Desert Diamond Casino and St. WoodSpring Suites is on track for another record opening year with a forecast of 25 openings by year-end. Joseph’s Westgate Medical Center.