The company reported growth in foot traffic after the complex resumed operations at 100 per cent capacity.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Travellers International Hotel Group<\/strong>, the company that operates the Newport World Resorts casino complex (formerly Resorts World Manila<\/a>) has reported gross gaming revenue (GGR) of PHP8bn ($139.88m) for Q3. That’s up 63 per cent when compared to last year but down 2 per cent quarter-on-quarter<\/a>.<\/p>\n\n\n\n Foot traffic picked up during the third quarter with operations at 100 per cent capacity. Non-gaming revenue reached PHP1.2bn (US$20.98m) mainly due to continued improvement in the average daily rate as hotels transitioned to the leisure market with increased domestic and international tourism.<\/p>\n\n\n\n The company reported a net loss of PHP254m<\/strong> (US$4.44m) for the three months to September 30 and of PHP238m (US$4.16m) for first nine months of the year. GGR for the first nine months was up 77 per cent to PHP22.7bn (US$396.9m).<\/p>\n","protected":false},"excerpt":{"rendered":" The company reported growth in foot traffic after the complex resumed operations at 100 per cent capacity.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Travellers International Hotel Group reported Q3 GGR of PHP8bn, a 63% year-on-year increase, alongside a net loss of PHP254m. The Newport World Resorts complex resumed 100% capacity, driving increased foot traffic and contributing to PHP1.2bn in non-gaming revenue from a revitalized leisure and tourism market.","focusai_entities":"Travellers International Hotel Group, Newport World Resorts, Resorts World Manila","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Outlook","query":"Given the Q3 GGR decline quarter-on-quarter despite 100% capacity, what are the specific drivers for the sequential dip, and what is the projected GGR trajectory for Q4, considering current tourism and operational efficiencies?"},{"label":"Non-Gaming Strategy","query":"How does Travellers International Hotel Group plan to further leverage its non-gaming assets and the leisure market transition to mitigate gaming revenue volatility and enhance overall profitability, particularly in light of the reported net loss?"}],"footnotes":""},"categories":[163,16333],"tags":[24194],"class_list":["post-35439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-travellers-international-hotel-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=35439"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35439\/revisions"}],"predecessor-version":[{"id":35455,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35439\/revisions\/35455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}