MGM Resorts International (MGM Resorts International) Average Occupancy Rate % : 91.00% (As of Dec. 2023)

MGM Resorts International Average Occupancy Rate % Chart

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Competitive Comparison of MGM Resorts International's Average Occupancy Rate %

For the Resorts & Casinos subindustry, MGM Resorts International's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % 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.

MGM Resorts International  (NYSE:MGM) Average Occupancy Rate % Calculation

Average Occupancy Rate % is calculated as

* 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.

MGM Resorts International  (NYSE:MGM) Average Occupancy Rate % Explanation

Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.

For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.

Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.

MGM Resorts International Average Occupancy Rate % Related Terms

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MGM Resorts International (MGM Resorts International) Business Description