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MGM Resorts International (MGM Resorts International) Revenue per Available Room (USD) : 270.00 (As of Dec. 2023)


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What is MGM Resorts International Revenue per Available Room (USD)?

Revenue per Available Room (USD), RevPAR, is a metric used in the hotel hospitality industry to measure hotel performance.

MGM Resorts International's Revenue per Available Room (USD) for the quarter that ended in Dec. 2023 was 270.00 , which higher from pervious quarter (Sep. 2023)'s result by 25.00%.

MGM Resorts International's Revenue per Available Room (USD) for the annual that ended in Dec. 2023 was 237.00 , which higher from pervious year (Dec. 2022)'s result by 16.75%.

The historical rank and industry rank for MGM Resorts International's Revenue per Available Room (USD) or its related term are showing as below:

MGM's Revenue per Available Room (USD) is not ranked *
in the Travel & Leisure industry.
Industry Median:
* Ranked among companies with meaningful Revenue per Available Room (USD) only.

MGM Resorts International Revenue per Available Room (USD) Historical Data

The historical data trend for MGM Resorts International's Revenue per Available Room (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.

MGM Resorts International Revenue per Available Room (USD) Chart

MGM Resorts International Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Revenue per Available Room (USD)
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Average Daily Rate (USD)
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MGM Resorts InternationalQuarterly Data
Trend Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Revenue per Available Room (USD)
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Average Daily Rate (USD)
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Competitive Comparison of MGM Resorts International's Revenue per Available Room (USD)

For the Resorts & Casinos subindustry, MGM Resorts International's Revenue per Available Room (USD), along with its competitors' market caps and Revenue per Available Room (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.

MGM Resorts International  (NYSE:MGM) Revenue per Available Room (USD) Calculation

Revenue per Available Room (USD) is calculated as

Revenue per Available Room (USD)=Average Daily Rate (USD) * Average Occupancy Rate %
=Total Room Revenue / Number of Available Rooms

* 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) Revenue per Available Room (USD) Explanation

Revenue per Available Room (USD) is a metric used in the hospitality industry to measure hotel performance, calcualted by multiplying Average Daily Rate (USD) by Average Occupancy Rate %. Thus, an increase in a property's RevPAR means that its average room rate or its occupancy rate is improving. However, it does not necessarily mean greater profits as it fails to consider the size of a hotel.

MGM Resorts International Revenue per Available Room (USD) Related Terms

Thank you for viewing the detailed overview of MGM Resorts International's Revenue per Available Room (USD) provided by GuruFocus.com. Please click on the following links to see related term pages.

MGM Resorts International (MGM Resorts International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (NYSE:MGM) » Definitions » Revenue per Available Room (USD)
Comparable Companies
WYNN CZR MTN BYD HGV VAC RRR MLCO PENN MSC LVS HKSE:01928 HKSE:00027 SGX:G13 HKSE:02282 HKSE:01128 XKLS:3182 XKLS:4715 XPAR:BAIN HKSE:00880
Traded in Other Exchanges
MGM:Mexico MGG:Germany MGG:Germany M1GM34:Brazil
Address
3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Website
https://www.mgmresorts.com
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
Executives
John Mcmanus officer: SVP ASST GEN COUNSEL ASST SCY 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119
Sanders Corey Ian officer: COO Core Brands 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119
Daniel J Taylor director 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
Keith A. Meister director C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
Alexis Herman director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
Ben Winston director 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Rose Mckinney-james director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
William Hornbuckle officer: Chief Marketing Officer 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Mary Christine Gay director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Gary M Fritz officer: President, Interactive C/O EXPEDIA INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Janet Swartz director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ac/interactivecorp 10 percent owner 555 WEST 18TH STREET, NEW YORK NY 10011
Paul J Salem director 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Todd Meinert officer: SVP Financial Reporting 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Tilak Mandadi officer: CSITO 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109