Vaughn Davis

Introducing our comprehensive overview of Wynn Resorts, Limited's Q1FY24 report! Wynn Resorts, Limited is a prominent player in the gaming and resort industry, traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Founded in 2002 by Steve Wynn, its former CEO, the company operates luxury casinos and resorts known for their high-end amenities and exceptional service.Wynn Resorts operates four renowned resorts: Wynn Macau and Encore in Macau, and Wynn Las Vegas and Encore in Las Vegas. The company expanded its presence in Macau with the opening of Cotai Palace in August 2016, further solidifying its position in the region. In addition, Encore Boston Harbor in Massachusetts opened its doors in June 2019, marking Wynn Resorts' entry into the New England market. Our report provides a detailed analysis of Wynn Resorts, Limited's financial performance in Q1FY24. We offer insights into their revenue streams, profitability, and overall fiscal health. Additionally, we delve into Wynn Resorts, Limited's strategic initiatives and competitive positioning in the gaming and entertainment market. #gambling #iGaming #data40 #dataset #dataanalytics https://lnkd.in/e4TmFsgK

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Understanding California’s New Hotel Industry Legislation and Its Impact The implementation of these laws brings a new era of transparency and operational adjustment to the hospitality sector. https://lnkd.in/ea_mQVri

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In today's episode, Michael Goldin shared with Wil Slickers and Brandreth Canaley that Kasa has officially taken over operations at the historically iconic Ace Hotel / Atelier Ace in Los Angeles. This rebranding shows just how much short-term rentals have learned and adapted from hotel operations over the years. What are your thoughts on the increasing overlap between hotels and short-term rentals?

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Big changes are coming to California’s hotel industry with the introduction of two crucial laws: California Senate Bill 644 and California Assembly Bill 537. 🛏️ California Senate Bill 644 mandates penalty-free cancellations within 24 hours after booking confirmation for reservations made at least 72 hours before check-in. 💰 California Assembly Bill 537 requires all advertised room rates to include mandatory fees (excluding government taxes and fees), eliminating hidden resort fees. 🗓️ Both laws take effect on July 1, 2024, ushering in a new era of transparency and operational adjustments in the hospitality sector. 💼 What does this mean for hoteliers? 🔍 Our latest blog post breaks down the essentials of these new regulations and explores their potential impacts on your operations. Stay ahead of the curve and ensure your hotel is prepared for these changes. Read our blog for more insights! 👉 bit.ly/3VgaCOe #HospitalityIndustry #HotelLegislation #Cendyn #CaliforniaHotels #FutureReady

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Here's an interesting fact you may not know about casinos: In some casinos, particularly in Las Vegas, there are secret suites known as "salons" or "whales' suites" reserved exclusively for high-rollers and VIP guests. These suites are incredibly luxurious and offer amenities like private dining rooms, personal butlers, exclusive entrances, and even their own gaming tables. The casinos use these suites to cater to wealthy clients who are known as "whales" due to their propensity to wager large sums of money. The goal is to provide these VIP guests with an unparalleled and discreet gambling experience, often accompanied by lavish accommodations and personalized service. These hidden suites showcase the extreme lengths that casinos will go to in order to cater to their most valuable clientele. #facts #casinos

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Former Olo executive and cofounder of tech advisory firm 858 Partners, Juan George, in his CREATED Talk on technology at the Nation's Restaurant News CREATE the Future of Foodservice in Palm Springs, California shared sage advice for every sales professional (and organization), though targeted toward restauranteurs. George said the signal-to-noise ratio is highly problematic. You can barely open up their emails these days without getting dozens of new emails every day from tech vendors that want to sell you something. It’s crucial to learn the difference between “must have” and “nice to have”. That last bit is worth repeating… It’s crucial to learn the difference between “must have” and “nice to have”. This speaks to the heart of The Geeni Company definition of sales as a collaborative problem-solving exercise performed by trusted advisors. While George's words may be a hard pill to swallow, it is the right medicine. Not every product is for every customer. For professionals playing the long game, with repeat sales and referrals, this is one to keep top of mind. Think your happy customers saw a lot… it’s nothing in comparison to customers who are living with regrets or worst, feel swindled. Find the best way to frame nice to have, but be forthright and transparent. Still, this is not the biggest value-add gleaned from George’s comments. In approaching sales as a collaborative problem-solving exercise performed by trusted advisors our biggest takeaway was moving beyond “quota-driven” to “quality-driven”. Sales is at the leading edge of change. Product Managers can learn a lot about how to win in the marketplace by integrating more insight from sales into the innovation loop. If you genuinely live “listening to your customers” ask yourself whose job it is to do the most listening, active listening at that. —  #innovation #sales

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WYNN RESORTS (NASDAQ:WYNN) BEATS Q1 SALES TARGETS 📈💰👏 Summary: Wynn Resorts, the renowned luxury hotel and casino company, has exceeded expectations in the first quarter of this year. Despite the ongoing challenges faced by the tourism industry, Wynn Resorts has shown resilience and surpassed sales targets. This impressive performance is a testament to their strong leadership, strategic vision, and commitment to excellence. With a focus on providing unforgettable experiences, Wynn Resorts continues to attract visitors seeking world-class entertainment and unparalleled hospitality. Their ability to adapt to changing market conditions and deliver outstanding customer service has played a significant role in their success. As investors, it is crucial to pay attention to such positive developments. Wynn Resorts' robust performance not only indicates its potential for growth but also highlights the resilience of the broader travel and tourism sector. Investing in companies like Wynn Resorts allows us to navigate the market and take advantage of emerging opportunities. Don't miss out on the potential benefits that investing in Wynn Resorts can bring to your Health Savings Account. By diversifying your portfolio and seizing opportunities in the healthcare and wellness sectors, you can make strides toward securing your financial future. Take action now to capitalize on the momentum and growth potential of Wynn Resorts! #HSA #investing #healthcare #health #family #wellness 🚀💼💪

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As globetrotting #bedbugs continue to take over the headlines, this summer has been especially troublesome for #hotel managers looking to protect their properties from legal action & punishing media attention. This Hotel Business Magazine article can help! https://bit.ly/3VKql8d

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Here’s a comprehensive guide filled with inspiration, tips, and tricks to help #restaurant owners and managers make the most of #MemorialDay weekend!

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🏨 Important Update for California Hoteliers! 🏨 Starting July 1, 2024, Senate Bill 644 introduces a significant change to hotel booking policies in California. This new law allows guests to cancel their bookings within 24 hours of confirmation and receive a full refund within 30 days. Understanding and implementing this new rule is essential for all hotel operators. https://lnkd.in/gQc4uNsH

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MAINTAINING QUALITY AND RETENTION DURING RAPID GROWTH In the latest episode of The Hospitality Edge podcast, Riley Goldman, CEO and co-founder of Beachside VR, shares how he maintains high standards and owner retention while experiencing rapid growth. Key Takeaways: - REGULAR INSPECTIONS: Implementing monthly 100-point inspections with photos ensures issues are caught before guests notice and reassures homeowners their properties are well-maintained. - PROACTIVE COMMUNICATION: Regularly updating owners with both good and bad news builds trust and keeps them informed about their investments. - OWNER TOUCHPOINTS: Just as we focus on guest touchpoints, it's crucial to establish regular touchpoints for owners to make them feel valued and cared for. As Riley says, "We always talk about touch points for the guests. What about touch points for the owners?" 💡 Listen to the full episode! 🎥 YouTube: https://bit.ly/3X5slsP 🎧 Spotify: https://bit.ly/3KuvoU3 🍏 Apple Podcast: https://apple.co/4c2qERi 🔗 Other platforms: https://bit.ly/47j0fgg #Podcast #HospitalityEdge #QualityControl #OwnerRetention #CustomerService #BusinessGrowth #RealEstate #PropertyManagement #Entrepreneurship

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Hotel News Roundup | Madison Resort, GM Shuffles, Vegas Rebrand & Top Travel Trends 📺 Get all the latest hospitality & hotel news in this must-watch episode! Hotelstaff.tv brings you the biggest stories, updates, and insights impacting the industry this week. From major hotel openings like the stunning $52M #MadisonCrestResort in Wildwood, #NewJersey 🏨 to leadership shakeups with new general managers appointed across top U.S. properties 👔, we've got you covered on all the happenings. Catch the breaking news on The Mirage #LasVegas shutting down after 35 years for a massive rebranding into the guitar-shaped Hard Rock International 🎸. We dive into what this iconic Vegas transition means. Speaking of leadership changes, get the scoop on the new GMs taking over iconic hotels like the Conrad Washington, DC, Dream Downtown Hotel NYC, Hilton Burlington is becoming Hotel Champlain and more! Find out where Americans are heading for summer travel 2024 based on Tripadvisor's new data 🌴☀️. The rankings might surprise you as economic concerns linger. Plus, don't miss the inspiring story of Harris Rosen's #scholarship program 📚 empowering high school students from underserved communities. Stay ahead of the curve by tuning in weekly for our Front Desk Show! Drop a comment with what other hospitality & hotel topics you'd like us to cover. HotelStaff.com https://lnkd.in/g5hwfQnE #HotelNews #HospitalityUpdates #IndustryInsights #TravelTrends #GeneralManagers #VegasHotels #Scholarships

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5 ways creative outdoor spaces not only enhance the guest experience, but also boost profitability: https://loom.ly/8qbocMU #HotelDevelopment #HotelOperations #HotelOwners #HotelManagement #HotelProfitability

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"When you ask people about our brand, they always say the same thing" Good (consistent) company culture starts from the top down. Take it from Omni Hotels & Resorts and Resorts' Toby Ramirez-Johnson. "So if you have a strong culture, you're going to blend into what's already established." Agree? Let us know in the comments 👇 and tune into this episode of Fast Casual to learn Toby's tips for hiring, retention, and culture (airing NOW): https://hubs.ly/Q02tQkM90

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Footfall+: Where Guest Insights, Reviews & Occupancy Rates Rise! Turn guest feedback into a thriving hospitality business! Footfall+ empowers multi-location hotel chains and vacation rentals to: - Centralized Review Management: Gain a complete view with centralized review management, allowing you to respond faster and build stronger guest relationships. - Data-Driven Hospitality: Generate data-rich reports to understand performance across all properties, leading to informed decisions that improve guest experiences and boost occupancy rates. - Local Hospitality Hero: Optimize your online presence, improve search rankings, and attract more guests, ultimately maximizing bookings and revenue. Footfall+ - See the bigger picture, amplify your guest experience, and watch your occupancy rates soar! DM us now to get a Demo! . . #footfallplus #localSEO #reputationmanagement #hotel #hotelindustry #multilocationbusiness #seoagency #SEOExcellence #expseo #hyperlocal #opositive #obbserv

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The latest Hospitality Market Monitor showed a 0.4% decline in the total number of closures between the start of January and the end of March—the third smallest quarter-on-quarter drop since the start of the pandemic.

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Behind every memorable dining experience is a dedicated back-of-house team, but hiring these essential staff members can be a challenge for restaurant owners. This article breaks down everything you need to know to hire back-of-house staff, from understanding the roles and responsibilities to creating an effective job description and training plan. Build a strong and efficient back-of-house team: bit.ly/4cZg3YA #restaurantmanagement #backofhousestaff #hiringstrategy

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Here’s how Wyndham Hotels & Resorts’ Q1 panned out. Read the full report: #HOTELS #hotelnews #hospitality #hospitalityindustry #hospitalitynews #wyndhamhotels #q12024

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