Remove Casinos Remove Market Remove Revenue
article thumbnail

HVS Las Vegas Casino and Hotel Market Outlook 2024

Hospitality Net

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Casinos 241
article thumbnail

Total Revenue Management - Casino Hotels

Hospitality Net

Casino hotels comprise only a tiny fraction of hundreds of thousands of hotels across the world. Perhaps due to this limited scope, the industry lacks universal performance metrics, and casino customers might find frustratingly varied booking experiences across different brands.

Casinos 173
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are You Leaving Money on the Table? Turning Casino Resorts into Go-To Venues for Profitable Groups and Events

Hospitality Net

Historically, Las Vegas was a gaming-centric market, with 61% of revenues coming from the casino category in 1990. of total revenue, up from a combined 69.6% This trend is not limited to Las Vegas; it is being observed in casino markets worldwide. year over year.

Casinos 130
article thumbnail

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.

Casinos 53
article thumbnail

HVS Report - Las Vegas Casino and Hotel Market Outlook 2023 - By Shannon S. Okada

Hotel News Resource

Gaming revenue for Clark County in 2022 was $12.8 billion, a new record for the market. This article examines the latest trends and developments relevant to the Las Vegas hospitality market. Statistics from the Las Vegas Convention and Visitors Authority reflect 43.6 million total occupied room nights for Las Vegas in 2022, 20.6%

Casinos 97
article thumbnail

Live! Casino & Hotel Louisiana tops off

Hotel Business

LRGC Gaming Investors LLC, an affiliate of The Cordish Companies , marked a significant milestone in the construction of the first land-based casino in the Shreveport-Bossier market during the topping-off ceremony for the more than $270-million Live! Casino & Hotel Louisiana. The casino will offer more than 47,000 sq.

Casinos 59
article thumbnail

How Branded Mobile Apps Can Enhance Casino Loyalty Programs

Intelity

Integrating existing casino loyalty programs and in-app gaming into a branded mobile app for your property enhances the guest experience and drives additional revenue When it comes to casino hotel customer retention, casino loyalty programs are key. Enter branded mobile apps.

Casinos 56