The operator aims to complete the first batch of room renovations this year.
Macau.- Sands China has confirmed that it is renovating rooms and suites at The Venetian Macao as it focuses on the premium segment. During the first-quarter earnings call of the parent company Las Vegas Sands, chairman and CEO Patrick Dumont said work is already in progress, with the first batch of rooms expected to be back in service by the third quarter.
The full transformation, which includes the addition of new luxury suites, is slated for completion by the end of 2027 or early 2028. The move is part of Sands China’s “three critical pillars” strategy focusing on People, Product, and Service.
The investment follows recent upgrades at The Londoner Macao and The Grand Suites at Four Seasons. Sands China said the project will not cause significant operational disruptions as it will accommodate guests across other properties while sections of the Venetian are under renovation.
“We are singularly focused today on matching that suite and room product with the service levels that the most discerning and valuable customers in Macau increasingly demand,” Dumont said, highlighting that the premium segment is currently the primary driver of growth.
Dumont said the group was maintaining a target of US$700m in quarterly earnings before interest, taxation, depreciation, and amortisation (EBITDA) from Macau operations. That compares to the first quarter’s US$633m.
The operator aims to complete the first batch of room renovations this year. Macau.- Sands China has confirmed that it is renovating rooms and suites at The Venetian Macao as it focuses on the premium segment. During the first-quarter earnings call of the parent company Las Vegas Sands, chairman and CEO Patrick Dumont said work…
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