PENN Entertainment (PENN Entertainment) Average Occupancy Rate % : 0.00% (As of Dec. 2023)

PENN Entertainment Average Occupancy Rate % Chart

PENN Entertainment Annual Data
	Trend	Dec19	Dec20	Dec21	Dec22	Dec23
Average Occupancy Rate %		Get a 7-Day Free Trial

PENN EntertainmentQuarterly Data
	Trend	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Average Occupancy Rate %		Get a 7-Day Free Trial

Competitive Comparison of PENN Entertainment's Average Occupancy Rate %

For the Resorts & Casinos subindustry, PENN Entertainment's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PENN Entertainment  (NAS:PENN) Average Occupancy Rate % Calculation

Average Occupancy Rate % is calculated as

* 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.

PENN Entertainment  (NAS:PENN) 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

Thank you for viewing the detailed overview of PENN Entertainment's Average Occupancy Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

PENN Entertainment (PENN Entertainment) Business Description