Wynn Vegas, named the largest five-star resort
Wynn Las Vegas has been named the largest five-star resort in the world, which brings the company’s count to three of the largest worldwide.
US.- Wynn Las Vegas and Encore Las Vegas have each earned Five-Star status on the 2020 Forbes Travel Guide (FTG) Star Rating list and are now the largest and second largest FTG Five-Star resorts in the world respectively. Wynn Palace, originally earning FTG Five-Star status in 2018, is the third largest.
With 22 FTG Five-Star hotels, spas and restaurants collectively across its global portfolio, Wynn Resorts holds the most FTG Five-Star awards of any independent hotel company in the world. Wynn Macau remains the only resort worldwide with eight individual FTG Five-Star awards, achieving the honor for the fourth consecutive year.
“I believe this unprecedented recognition by Forbes Travel Guide is about more than our service and commitment to operating the highest quality hotels and restaurants,” said Matt Maddox, CEO of Wynn Resorts. “This is a testament to the culture of excellence that resides in each of our resorts, whether it be in the United States or China. Our global team of 31,000 employees commits every day to creating experiences worthy of Forbes Travel Guide Five Stars.”
Wynn reports setback in operating revenues in 2019
Wynn Resorts has released its financial figures from the full 2019, a year in which the company perceived a decrease in operating revenues. The decreases were partially offset by Encore Boston Harbor’s performance.
The company explained that operating revenues fell 1.6%, or US$106.6 million, to US$6.61 billion, compared to the US$6.72 million in the year ended December 31, 2018. Operating revenues decreased US$213.9 million, US$224.5 million, and US$32.1 million at Wynn Palace, Wynn Macau, and our Las Vegas Operations, respectively.
The decrease in operating revenues at Wynn Palace, Wynn Macau, and our Las Vegas Operations was partially offset by operating revenues from Encore Boston Harbor of US$363.9 million.
