Enrique Razon's $1 Billion Casino in the Philippines: Solaire Resort North Bloomberry Resorts, under the control of billionaire Enrique K. Razon Jr, has made a significant impact with its new $1 billion casino. Analysts are optimistic that the upscale property will break even within its first year, as thousands of visitors flock to the resort. Solaire Resort North in Quezon City, which opened just a month ago, is already experiencing a hotel occupancy rate of at least 60%. The tables and slot machines are drawing large crowds from Metro Manila and nearby areas, and the restaurants are so popular that staff advise patrons to make reservations even on weekdays. https://lnkd.in/dyNCNety
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Bachelor of Business Science - 2024 | Financial Services Management | CFA Level 1 Candidate | Equity Investor
Melco Resorts & Entertainment Limited partners with John Keells Holdings PLC for the US$1+ billion integrated resort in central Colombo. Rebranded as "City of Dreams Sri Lanka," it promises to redefine luxury hospitality and entertainment in South Asia with 800 hotel rooms, dining options, MICE facilities, and more. Melco secures a 20-year casino license and will operate the gaming area, along with managing the top floors under its Nuwa brand. The estimated initial investment in the casino is approximately US$125 million. Fit-out of the casino is set to commence, with non-gaming facilities expected to open in Q3 2024 and casino operations in mid-2025. Further gaming expansion is possible based on performance and market conditions. Source : Yahoo Finance https://lnkd.in/gKYGDgUz
Melco Announces Partnership with Sri Lanka’s John Keells Holdings and Introduces ‘City of Dreams Sri Lanka’
finance.yahoo.com
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Singapore begins second phase of casino resort development
Singapore begins second phase of casino resort development
asia.nikkei.com
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Singapore begins second phase of casino resort development
Singapore begins second phase of casino resort development
asia.nikkei.com
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Sri Lanka, an emerging gaming destination, will soon host its first integrated resort, City of Dreams Sri Lanka, set to open in 2025. This venture will be managed by the experienced and renowned multinational gaming operator, Melco Resorts and Entertainment. Currently, Sri Lanka has issued six casino licenses, with Melco set to receive the seventh, making it the second international investor in this sector. In late 2022, a Singapore-based entity, 'Kreate Design Pte Ltd,' signed an agreement to develop a casino within the iconic Lotus Tower. Sri Lankans can gamble subject to an entry levy of US$50, and the government is currently establishing a gaming regulatory body. However, the main market potential lies in the subcontinent region, including India, Nepal, Bangladesh, Pakistan, Bhutan, and the Maldives, which collectively have a population of over 1.7 billion people.
Melco Resorts a partner in US$1bln Sri Lanka casino resort: Melco Resorts & Entertainment Ltd is to create an integrated resort (IR) with casino in the centre of Colombo, the Sri Lankan capital, the firm said in a Tuesday announcement coinciding with its first-quarter earnings. City of Dreams Sri Lanka (pictured in an artist’s rendering) will be a US$1-billion scheme in partnership with John Keells […]
GGRAsia – Melco Resorts a partner in US$1bln Sri Lanka casino resort
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Which brand is this ad for at first glance? Vespa or ITC? Will you pick a specific resort for its scenic surroundings or for its unique ambience, services, and various amenities that makes for a good stay? To me, this ad might be trying to break the clutter from the usual hotel advertising but in doing so the brand seems to be completely lost. Every ad is not a good story after all.
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Customer Experience and Customer Loyalty Guru. Creating Amazing Digital Guest Experience App's for Hotels, Inn's, Chambers of Commerce and Associations accross the globe!
Unlock Revenue Potential with OranaStay's Upselling Capabilities! Are you leaving money on the table by not offering your guests personalized experiences and upgrades? Our concierge app helps STR, Independent Hotels and Boutique Hotels maximize revenue through targeted upselling opportunities. With OranaStay, you can offer your guests: - Room upgrades and add-ons - Local experiences and activities - Dining and spa reservations - Transportation and more! Our app allows guests to upsell themselves at every stage of their journey, increasing average order value and driving revenue growth for your hotel. Take control of your revenue stream and give your guests the luxury experience they deserve. Learn more about OranaStay's upselling capabilities and start maximizing your hotel's potential today! #STR #OranaStay #DigitalConciergeApp #upselling #hotelrevenue #airbnb #vrbo #customerexperience #guestautomation #hostaway #guesty #OnwerRez #shorttermrentalpropertymanagers
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OYO 2950 Grand Suites Palace Syariah Getting in and around Puncak is a breeze when staying at For lazy days and nights, in-room conveniences like 24-hour room service and daily housekeeping let you make the most of your room. Please be advised that smoking is not allowed in the hotel to allow cleaner air for all guests. Equipped with handy amenities, guestrooms at One doesn't need to look far as the hotel enjoys close proximity to sightseeing options and local attractions. The most popular local attraction is probably Little Venice Kota Bunga only 3.7 km away. Rooms don't get much cheaper than here, being less than 99% of the city's accommodation. Know you'll get excellent dining options here, where past guests have rated onsite or nearby dining above 92% of the city's accommodation. It's hard to beat the room comfort here, which is rated higher than 91% of other accommodations in Puncak. #oyo2950grandsuitespalace #hotelkdm
OYO 2950 Grand Suites Palace Syariah
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Founder~Chairman~CEO @ EV HOTEL |AI Tech-driven Hospitality| Top 50 most influential Hospitality Leaders| DIOR Honoree of the year| Corporate Investment Times Top Global Hospitality Mentor
Here's my Tuesday Thrower..... Hotel management companies can not succeed outside the united states. It is different format and operating style. It is soled based on experiences and amenities along with all inclusive offerings. Also hotel management companies mostly operate big box brands and aren't use to the boutique style brands and offerings. It is a style soled based on experience and service. Especially in Latin America where Web3, NFT, Crypto, metaverse, and ETC is the talk of the town. There is obviously a reason why the big box brands are left with very less presence in these markets due to the consumer wanting more then just a bed. “Brands don’t know very well the Latin American market,” Galindo said. “The brands are specifically made for Americans. They have to change different things … really make all the hotels for the Latin American market. Not all the brands are so open (to that concept). https://lnkd.in/eWESUGFP
Third-party Management Rises in Latin America
costar.com
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Nice report from Rachael Rothman, CFA, ISHC and team. We have been tracking the blurring of lines between multifamily and hospitality since before covid. There will continue to be new and innovative business models that are created to meet the growing consumer demand for furnished, flexible living. Some of the novel approaches may indeed come from multifamily players, not just the hospitality companies. We remain highly interested in pursuing deals that live somewhere between the multifamily and hospitality industries. #hospitality #multifamily #commercialrealestate #furnishedapartments #flexibleliving #hotels #aparthotel #apartments #hybrid #realestateinvestment #realestatedevelopment
In the 1990's and early 2000's, hospitality companies executed spin-offs and divestitures as specialization helped align business models with investor expectations: - Hilton/Caesars Entertainment, Inc. (Park Place) - Marriott International/Host Hotels & Resorts - Marriott International/Sunrise Senior Living/ExecuStay - Timeshare spin-offs: Marriott Vacations Worldwide - IHG Hotels & Resorts/Mitchells & Butlers PLC, etc. Specialization then kicked off a wave of consolidation. - Marriott International/Starwood Hotels & Resorts Worldwide, Inc. - InterContinental Hotels & Resorts/Kimpton Hotels & Restaurants - Accor/Fairmont Hotels & Resorts - Pebblebrook Hotel Trust (NYSE: PEB)/LaSalle Hotel Properties - Benchmark.Global/Pyramid Global Hospitality, to name a few What do the following have in common? - Marriott International/Vacasa - Hyatt Hotels Corporation/Small Luxury Hotels of the World/Under Canvas Inc. - LVMH/Belmond - Travel + Leisure Co./Wyndham Hotels & Resorts - WaterWalk - Selina - Soho House & Co - The Hoxton They are all examples of convergence. What's old, is new again. As the traditional lodging industry matures and competition for guests intensifies, to drive ROI, hotel brands and owners need to: - Expand services to existing customers, and/or - Attract new customers, and/or - Engage with their core customer outside of their typical peak travel years. One of our themes for the next few years is #convergence. We expect hospitality partnerships with retail, (Field & Stream), media (Sports Illustrated), and traditional residential real estate companies to create trusted and amenitized living options (Rosewood Residence), as well as student housing, co-living, senior-communities (Latitude Margaritaville) and vacation homes (Timbers) to continue to accelerate in an effort to increase each silo's total addressable market. Read more as my colleagues, Christine Bang, Ronald Chan, Laura Peláez Corredor and I explore the topic in our latest report, Maturation of the Hotel Industry Drives Convergence with Other Sectors to Facilitate Growth. https://lnkd.in/gwbwR6Ky
Maturation of the Hotel Industry Drives Convergence with Other Sectors to Facilitate Growth
cbre.com
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CREATE TABLE hotel_revenue ( hotel_id INT, month VARCHAR(10), year INT, revenue DECIMAL(10, 2) ); -- Insert sample records INSERT INTO hotel_revenue (hotel_id, month, year, revenue) VALUES (101, 'January', 2022, 15000.50), (101, 'February', 2022, 18000.75), (101, 'March', 2022, 20000.00), (101, 'April', 2022, 20000.00), (101, 'May', 2022, 20000.00), (101, 'June', 2022, 20000.00), (101, 'July', 2022, 26000.00), (101, 'August', 2022, 28000.00), (102, 'January', 2022, 12000.25), (102, 'February', 2022, 14000.50), (102, 'March', 2022, 16000.75), (101, 'January', 2023, 17000.25), (101, 'February', 2023, 19000.50), (101, 'March', 2023, 21000.75), (102, 'January', 2023, 13000.50), (102, 'February', 2023, 15000.75), (102, 'March', 2023, 17000.25), (103, 'January', 2022, 11000.25), (103, 'February', 2022, 13000.50), (103, 'March', 2022, 15000.75), (104, 'January', 2022, 14000.50), (108, 'May', 2022, 31000.75), (108, 'April', 2022, 28000.75), (108, 'June', 2022, 16000.75), (108, 'August', 2022, 16000.75), (104, 'March', 2022, 18000.25), (103, 'January', 2023, 12000.50), (103, 'February', 2023, 14000.75), (103, 'March', 2023, 16000.25), (104, 'January', 2023, 15000.75), (107, 'February', 2023, 17000.25), (106, 'March', 2023, 19000.50); Find the top-performing two months by revenue for each hotel for each year. return hotel_id, year, month, revenue */ select * from hotel_revenue ✅ with cte as ( select hotel_id,month,year,revenue,rank() over(partition by hotel_id,year order by revenue desc) as rnk, dense_rank() over(partition by hotel_id order by revenue desc) as rk, ROW_NUMBER() OVER (PARTITION BY hotel_id, year ORDER BY revenue DESC) AS month_rank from hotel_revenue) select * from cte where rnk<=2 select * from cte ✅ WITH CTE1 AS ( SELECT hotel_id, year, month, revenue, DENSE_RANK() OVER(PARTITION BY hotel_id, year ORDER BY revenue DESC) drn FROM hotel_revenue ) SELECT hotel_id, year, month, revenue FROM CTE1 WHERE drn <= 2 ✅ WITH RankedMonths AS ( SELECT hotel_id, month, year, ✅ revenue, ROW_NUMBER() OVER (PARTITION BY hotel_id, year ORDER BY revenue DESC) AS month_rank FROM hotel_revenue ) SELECT hotel_id, year, month, revenue FROM RankedMonths WHERE month_rank <= 2 ORDER BY hotel_id, year, month_rank; ✅ follow for more content Vyas Adithya Ankit Bansal Codebasics Dhaval Patel
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