The Hospitality Newsletter
Today
Wynn Resolves Boston Strike as Q3 Revenues Decline
financeHotel Dive··1 min·For: Owner, GM, Investor, Revenue

Wynn Resolves Boston Strike as Q3 Revenues Decline

Wynn Resorts reached a deal to end a strike by 1,300 workers at Encore Boston Harbor while reporting year-over-year Q3 revenue declines. Despite market headwinds, the company achieved a 3% increase in Las Vegas RevPAR and ADR, driven by strong luxury demand.

Key Takeaways

  1. 1Unite Here Local 26 and Teamsters Local 25 ratified a new contract, ending the Encore Boston Harbor strike.
  2. 2Wynn Las Vegas RevPAR and ADR grew 3% year over year despite broader market softness and revenue dips.
  3. 3Q4 pacing shows strength fueled by Formula 1, conventions, and high-end consumer demand.

Read original source →

Source: Hotel Dive

Keep reading

Our reporting

OriginalHotel Refinancing and Bridge Debt Strategies in 2026Written from 6 sources
OriginalAirlines Reshape Long-Haul Flying With Narrowbodies and SAFWritten from 2 sources

More in finance

Lodging MagazineFinancing Secured For Ritz-Carlton Savannah Construction1 min readSkiftUS RevPAR Projected to Hit 14% Above 2019 Levels in 20241 min readHotel Dive72% of Hotel Asset Managers Expect RevPAR Growth in 20261 min read

Also relevant for GM, Investor

eHotelierIngot Hotel Perth Boosts Revenue via SABA Hospitality Digita1 min readLodging MagazineCloudbeds Integrates With Meta's Muse AI Agent1 min readSkiftWyndham Launches Boutique Brand Dolce Nova1 min read
All finance newsFor GMFor InvestorFor OwnerToday's briefing