Wynn Resorts (BSP:W1YN34) Management Fees (USD Mil) : 0.00 (As of . 20)

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What is Wynn Resorts Management Fees (USD Mil)?

Management Fees (USD Mil) of hospitality usually include the salary of managers. A lower management fee is better.

The historical rank and industry rank for Wynn Resorts's Management Fees (USD Mil) or its related term are showing as below:

BSP:W1YN34's Management Fees (USD Mil) is not ranked ^*
in the Travel & Leisure industry.
Industry Median:
* Ranked among companies with meaningful Management Fees (USD Mil) only.

Wynn Resorts Management Fees (USD Mil) Historical Data

The historical data trend for Wynn Resorts's Management Fees (USD Mil) 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.

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Wynn Resorts Management Fees (USD Mil) Chart

Wynn Resorts (BSP:W1YN34) Management Fees (USD Mil) Explanation

Management Fees (USD Mil) are one of the major costs for hospitality businesses.

Base management fees should be set so that they compensate managers for their cost of doing business, including overhead and base salaries. This is compensation for showing up to work and thus, should not be a source of profit for management companies as it generally is now. Usually, base management fees are approximately 1.0% to 2.0% of total revenue for most hotels, depending on size, or a duly considered flat fee.

Since it is a cost, a lower management fee is better. However, we also need to measure its effectiveness. Management’s effectiveness is evidenced by two primary results: the ability to generate an appropriate share of top line revenue within the relevant competitive market (in other words, to produce the highest possible level of Revenue per Available Room (USD)); and to convert that revenue into as much sustainable cash flow available to the owner (net operating income, or NOI) as possible.

Wynn Resorts Management Fees (USD Mil) Related Terms

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Wynn Resorts (BSP:W1YN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Wynn Resorts Ltd (BSP:W1YN34) » Definitions » Management Fees (USD Mil)

Comparable Companies

Traded in Other Exchanges

WYNN:USA WYNN:Mexico WYR:Germany WYR:Germany WYR:Germany

Address

3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.wynnresorts.com

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Wynn Resorts (BSP:W1YN34) Headlines

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