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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.

Casinos 173
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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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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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Enhance your hotel’s distribution strategy with robust CRS capabilities

Hospitality Net

Hoteliers and casino resorts need powerful tools to manage reservations efficiently and enhance the guest experience, which will result in extended direct booking conversions and profitable revenue.

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Global Revenue Forum 2024 Announces Amazon Web Services’ Greg Land as Keynote Speaker

Hospitality Net

The Global Revenue Forum announced Greg Land, Global Segment Leader – Accommodation, Lodging, Casino & Cruise for Amazon Web Services, as the event ‘s opening and keynote speaker. Land will address more than 1,000 attendees across Europe, and more than 300 live in London, on Resilience and Innovation in hospitality in the year ahead.

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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. (..)