PENN Entertainment (BSP:P2EN34) Average Occupancy Rate % : 0.00% (As of . 20)

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What is PENN Entertainment Average Occupancy Rate %?

Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.

The historical rank and industry rank for PENN Entertainment's Average Occupancy Rate % or its related term are showing as below:

BSP:P2EN34's Average Occupancy Rate % is not ranked ^*
in the Travel & Leisure industry.
Industry Median:
* Ranked among companies with meaningful Average Occupancy Rate % only.

PENN Entertainment Average Occupancy Rate % Historical Data

The historical data trend for PENN Entertainment's Average Occupancy Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PENN Entertainment Average Occupancy Rate % Chart

PENN Entertainment (BSP:P2EN34) Average Occupancy Rate % Calculation

Average Occupancy Rate % is calculated as

Average Occupancy Rate %

Number of Occupied Rooms

Number of Available Rooms

100%

PENN Entertainment (BSP:P2EN34) Average Occupancy Rate % Explanation

Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.

For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.

Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.

PENN Entertainment Average Occupancy Rate % Related Terms

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PENN Entertainment (BSP:P2EN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (BSP:P2EN34) » Definitions » Average Occupancy Rate %

Comparable Companies

Traded in Other Exchanges

PENN:USA PN1:Germany

Address

825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

https://www.pngaming.com

Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.

PENN Entertainment (BSP:P2EN34) Headlines

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