Operations
Primary
4d ago
MGM just posted its first Las Vegas revenue growth in three quarters and somehow still watched profits shrink. If you think that's just a Vegas problem, you haven't been paying attention to what's happening to operating margins across the entire industry.
An Indian hotel company just hit an all-time stock low while the broader market around it is running occupancy north of 72%. That disconnect tells you everything about the difference between riding an industry wave and actually operating well enough to profit from it.
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