Wynn Resorts Q4 Earnings Call Highlights

Management said demand remained healthy, with drop, handle, and average daily rate (ADR) all up year-over-year, while RevPAR was slightly below last year due to a deliberate approach of prioritizing rate over occupancy. Billings emphasized that driving rate over occupancy is an “incredibly intentional strategy,” allowing the company to adjust staffing and restaurant hours to optimize profitability.In Las Vegas, Wynn reported adjusted property EBITDA of $240.8 million on operating revenue of $688.1 million, ...