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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.

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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.

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Maximize casino revenue by implementing player-based comp restrictions in the central reservation system

Hospitality Net

In the fiercely competitive casino industry, every aspect of the business needs careful consideration to maximize revenue. One key element of this optimization is the Player-Based Complimentary Restrictions feature integrated into the modern casino reservation system.

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MGM Resorts: Strength in Marriott Deal, Softness with Formula 1 in Vegas

Skift Blog

Skift Take: America's casino resort giant posts record revenues, buoyed by a recent loyalty alliance with Marriott. But Las Vegas's Formula 1 fever appears to be cooling, casting a shadow over the fourth quarter. Sean O'Neill Read the Complete Story On Skift

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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.

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How French Lick Resort drives additional nights and ancillary revenue with Revinate

Hospitality Net

The resort consists of two grand hotels, the French Lick Springs Hotel and the West Baden Springs Hotel, offering indoor versatile meeting and event space with more than 169,000 square feet, over 3,000 acres of outdoor space as well as several other attractions, including a casino, a golf course, a horse stable, 12 restaurants, and 2 world-class spas. (..)

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Duetto and SHR Partner to Transform Casino Loyalty Pricing

Hospitality Net

Duetto, a global leader in revenue management solutions, and SHR (an Access company), a leading provider of innovative and intelligent technology solutions for hotels and resorts, today announced a strategic partnership designed to revolutionize the casino resort industry.

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