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Monarch Casino & Resort (Monarch Casino & Resort) Average Daily Rate (USD) : 0.00 (As of Mar. 2024)


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What is Monarch Casino & Resort Average Daily Rate (USD)?

Average Daily Rate (USD) is a metric widely used in the hospitality industry to indicate the average revenue earned for an occupied room on a given day. Higher ADR is better. However, it does not tell the complete story about a hotel’s revenue.

Monarch Casino & Resort's Average Daily Rate (USD) for the annual that ended in Dec. 2023 was 157.64 , which lower from pervious year (Dec. 2022)'s result by 0.57%.

The historical rank and industry rank for Monarch Casino & Resort's Average Daily Rate (USD) or its related term are showing as below:

MCRI's Average Daily Rate (USD) is not ranked *
in the Travel & Leisure industry.
Industry Median:
* Ranked among companies with meaningful Average Daily Rate (USD) only.

Monarch Casino & Resort Average Daily Rate (USD) Historical Data

The historical data trend for Monarch Casino & Resort's Average Daily Rate (USD) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Monarch Casino & Resort Average Daily Rate (USD) Chart

Monarch Casino & Resort Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Average Daily Rate (USD)
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Revenue per Available Room (USD)
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Monarch Casino & ResortQuarterly Data
Trend Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Average Daily Rate (USD)
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Revenue per Available Room (USD)
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Competitive Comparison of Monarch Casino & Resort's Average Daily Rate (USD)

For the Resorts & Casinos subindustry, Monarch Casino & Resort's Average Daily Rate (USD), along with its competitors' market caps and Average Daily Rate (USD) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Monarch Casino & Resort  (NAS:MCRI) Average Daily Rate (USD) Calculation

Average Daily Rate (USD) is calculated as

Average Daily Rate (USD)=Average Rooms Revenue Earned / Number of Rooms Sold

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Monarch Casino & Resort  (NAS:MCRI) Average Daily Rate (USD) Explanation

Average Daily Rate (USD) is a key performance indicator widely used in the hospitality industry to indicate the average revenue earned for an occupied room on a given day.

Average Daily Rate (USD) is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold, excluding complimentary rooms and rooms occupied by staff. A rising ADR suggests that a hotel is increasing the money it's making from renting out rooms. The ADR can be compared against its historical values to get the trends and determine the hotel’s performance.

However, The ADR does not tell the complete story about a hotel’s revenue, as it does not subtract charges such as commissions and rebates. It’s usually combined with Revenue per Available Room (USD) and Average Occupancy Rate % to measure the operating performance of a hotel.

Monarch Casino & Resort Average Daily Rate (USD) Related Terms

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Monarch Casino & Resort (Monarch Casino & Resort) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Average Daily Rate (USD)
Comparable Companies
PLYA MSC GDEN BALY FLL CNTY TBTC SLNA PENN MLCO LVS HKSE:01928 HKSE:00027 MGM WYNN SGX:G13 CZR MTN HKSE:02282 HKSE:01128
Traded in Other Exchanges
N/A
Address
3800 South Virginia Street, Reno, NV, USA, 89502
Website
https://www.monarchcasino.com
Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.
Executives
John Farahi director, 10 percent owner, officer: Co-Chairman and CEO MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509
Bob Farahi director, 10 percent owner, officer: Co-Chairman and President MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502
David-jacques Farahi officer: Chief Operating Officer 3800 S. VIRGINIA STREET, RENO NV 89502
Edwin S. Koenig officer: CAO 3800 S. VIRGINIA STREET, RENO NV 89502
Ben Farahi 10 percent owner 3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502
Craig F Sullivan director
Richard L. Cooley officer: Vice President of Finance 3800 S. VIRGINIA STREET, RENO NV 89502
Ronald Rowan officer: Chief Financial Officer 3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502
Paul Andrews director 3800 S. VIRGINIA STREET, RENO NV 89502
Yvette Landau director
Ronald R Zideck director
Charles W Scharer director C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521