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Rio Expected to Open December 22, 2020

Discussion in 'Off-Strip Hotels' started by Sonya, Nov 5, 2020.

  1. Sonya

    Sonya Queen of VMB

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    https://www.reviewjournal.com/business/casinos-gaming/rio-to-reopen-at-years-end-caesars-ceo-says-2176219/

     
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  2. ReTriggerMe

    ReTriggerMe High-Roller

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    I wonder if that's occupancy based on physical max capacity.... i.e. if every room built was considered..... or occupancy calculated on rooms deemed "operational" Not just for CET, but for the entire market.

    Using Bellagio as example.... with Spa Tower closed ... 50% occupancy calculated over just the open Resort Tower and 50% occupancy based on every room in the facility - open and closed.... gives me different impressions. Whether for reading about business , or wondering "how crowded is it going to be when I get there? "

    If listed day by day... would Wynncore occupancy calculations' denominator change mid-week?
     
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  3. smooth899

    smooth899 Low-Roller

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    That's great news. I was afraid I wouldn't have a chance to say "goodbye" before it closes for good.
     
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  4. rhinoman7

    rhinoman7 Whale-wannabe

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  5. Sonya

    Sonya Queen of VMB

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    I don't know the answer to this question. I'm curious about that too.

    I'm assuming it's a percentage of their maximum capacity of operational rooms, but I have no idea what it actually is. If someone else has this information, please share with us.
     
  6. vegasvstr

    vegasvstr High-Roller

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    @ReTriggerMe
    I'm not sure about "operational" capacity, but it's much busier here at Paris than I expected. Some noticeable difference Wednesday to Thursday evening, but a big difference today from what I saw Wednesday.
    The strip was busy last night, but not quite at the pre-covid "herd" pack level.
     
  7. HHFan

    HHFan High-Roller

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    It’s hard to tell, because what they tell the media their occupancy is might not be what their true accounting/reporting occupancy is.

    If Bally’s decided to take a tower offline to streamline operations and limit staff, those rooms are technically only “out of service” and would not be pulled from the total available room count used to calculate hotel occupancy reported in the actual financials and to travel research companies. To take a room out of the occupancy count it needs to truly be out of order for renovation or repair (although hotels do game this too). So it would then be impossible for them to be at 90% occupancy under the true accounting definition if they have an entire tower of rooms not being offered for sale.

    Do we have confirmation on what hotels have actually taken out of service or out of order though? Based on the crowds I experience in September, I’d be very surprised if many places had mothballed rooms left. Demand sure looked strong enough on the weekend that most everything is probably sellable.
     
  8. dankyone

    dankyone VIP Whale

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    Frankly I’m surprised Rio is reopening at all.
     
  9. Sonya

    Sonya Queen of VMB

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    UPDATE: Rio to open December 22nd.

    20201112_083406.jpg

    I'm editing the thread title.
     
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  10. joespoolhall

    joespoolhall VIP Whale

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    I was myself. It's not like they're filling all of the strip locations. I know they want to get rid of it, but I wouldn't think this would be the market to do that in. Hopefully they've done some serious "cleanup" work. I wonder how the Gold Coast is doing? Maybe with the Palms closed too, they saw part of a niche market for themselves. I don't know, I'm just grasping for straws.
     
  11. Necrochaos

    Necrochaos Low-Roller

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    Bummer. We are in town Dec 2-8. Was hoping it would open by then. We planned a 5 nught stay there in August and ended up at Luxor and El Cortez instead.
     
    1st time staying at Delano
  12. azbob

    azbob Low-Roller

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    Only question I have is "Why?"
     
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  13. TomTWI

    TomTWI Custom Title

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    They think they can more than cover the "Direct Variable Costs".

    TomTWI
     
  14. Vegaswanderer

    Vegaswanderer Tourist

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    Looks like one reason is the World Series of Poker Main Event final table and heads up match to be held at the Rio from December 28-30.
     
    Last edited: Nov 13, 2020
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  15. philvie

    philvie Low-Roller

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    Seems kind of pointless, but if it puts people back to work more power to them
     
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  16. MCann

    MCann VIP Whale

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    Curiously, I was just able to book a midweek stay checking in on December 22nd. Based on their press release, the hotel definitely wont be open, but I had to do it to see where they will move me from a 1600 square foot suite, and already have a comp booked at Delano for the same dates, so I guess Im playing the CET suite lottery for a $95 deposit. Weird that they would allow mid week booking if they've already made the decision to not be open. Cant remember if it was PHo or Cromwell (I think PHo) but their calendar was blocked or listed as sold out for weekdays as soon as they made that decision.
     
    Festivus in Vegas, if its open!
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  17. DJP

    DJP Low-Roller

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    Late December opening makes me think they want more available room inventory for New Year's Eve.
     
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  18. dankyone

    dankyone VIP Whale

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    That is a really good strategy considering they say they will move you to a comparable room. I doubt they will move you to a 1600sq ft suite at CP, but you will have a bit of leverage to negotiate if you don’t like where they do move you. Good luck.
     
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  19. MCann

    MCann VIP Whale

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    That was exactly my thinking. I'd be happy to stay in the room I booked for the proce I paid; if it's not open maybe I do, maybe I don't like what they give me instead. If I'm not happy I'll complain, and if I dont like the result, I can just cancel and get my $95 back. Currently booked at both Cosmo and Delano for the the exact dates, so just a shot in the dark to see what happens. I would suspect the premium suites at Ballys or something in the larger end at Flamingo is where I think they would most likely move it, but I'm sure it will depend on supply and demand as the date approaches.

    @AlPal - what did they end up moving you to from the strip view masquerade suite a few months ago? I booked the same exact room for about $20 more than you did a few months back.
     
    Festivus in Vegas, if its open!
    Christmas like a Caesar
  20. Vegaswanderer

    Vegaswanderer Tourist

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    I read that the Rio hotel is taking reservations seven days a week from December 23 through January 3 for the holidays.
     
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