Two Way Hard Three | Las Vegas Casino & Design Blog
May 6, 2009
Las Vegas Sands Reports Q1 2009
Posted by HunterLas Vegas Sands reported their first quarter results and as many could have guessed, they lost a little money this time around - looks like $87 million.
Details here:
http://phx.corporate-ir.net/phoenix.zhtml?c=185629&p=irol-newsArticle&ID=1284548&highlight=
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Recent Comments
- All Recent Comments on one page.
- Las Vegas USA recently commented "Hopefully this bleeding will stop soon so Vegas can back to being what it u..." in Las Vegas Sands Reports Q1 2009
- JohnGoodwin recently commented "Hi.... Hotel Operations Manager here, NO, ADR cannot include such other ame..." in Las Vegas Sands Reports Q1 2009
- detroit1051 recently commented "Parchedearth, I'm guessing only lodging revenue, not ancillary revenues. H..." in Las Vegas Sands Reports Q1 2009
- Hunter recently commented "They added a 24-floor, 289 room tower in 2007...." in Las Vegas Sands Reports Q1 2009
- mike_ch recently commented "Sands Macao was never really a hotel. They added a very limited number of r..." in Las Vegas Sands Reports Q1 2009
- parchedearth recently commented "Does anyone know if ADR can include additional revenue like taxes, minibar,..." in Las Vegas Sands Reports Q1 2009
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Comments
Does anyone know if ADR can include additional revenue like taxes, minibar, roomservice, inroom movies, etc... Palazzo's ADR was $221 which seems awfully high with all the discounts.
Also, how do they count the avg # of table games? They list Palazzo with 132. I don't think they even have 80 total tables including high limit and private gaming rooms.
I also did not realize Sands Macau is higher end than the Venetian (at least based on revenue and room rates)
Sands Macao was never really a hotel. They added a very limited number of rooms for VIPs.
They added a 24-floor, 289 room tower in 2007.
Parchedearth, I'm guessing only lodging revenue, not ancillary revenues. Hard Rock's report includes comped rooms which lowers ADR. I don't know about LVS. See page 19 of the following for Hard Rock's definition:
http://www.marketwatch.com/news/story/10-q-hard-rock-hotel-holdings/story.aspx?guid=%7BFAF93B3F-C905-47F4-A0A2-717AA2770866%7D&dist=msr_1
Hi.... Hotel Operations Manager here, NO, ADR cannot include such other amenities and services such as movies, internet, etc. It can only include the room rate. More importantly, RevPar (which is all hotel revenue off room divided by hotel rooms of the property is more of a number we look at in the industry. Does this help?
You have to remember, the Palazzo may only have say 500 rooms sold for one evening at a group rate of 250.00 .......or sell 1 room at 500.00 and their ADR would be 500.00.
Thank you,
John Goodwin
Hotel Operations Manager
Hopefully this bleeding will stop soon so Vegas can back to being what it used to be.