We see this among airlines. Cutting costs in an effort to increase income. Southwest Airlines do that unexpectedly and Get rid of free check luggage. This has been a aviation staple. Currently, Chief Executive Officer Bob Jordan focuses on the profits and needs of customers. Changes begin on May 28.
As expected, other airlines left after the southwest following the move. American Airlines specifically offering limited time status match offers to Rapid Southwest Rewards Program.
It seems that the hotel and resort sectors are taking pages from flight playbooks. MGM, in particular, recently increased its fees while using other cost cutting movements. All of this is in an effort to increase revenue. We will see this new change, and how visitors respond to the steps.
Relevant
MGM Resorts raises ATM fees to raise revenue of $ 200 million a year
In an effort to increase revenue while deducting costs, MGM Resorts International seems to be in the same direction as the aviation industry. MGM takes a higher fee. Announced by Casino.comChief Executive Officer Bill Hornbuckle revealed MGM’s latest tactics to increase ATM fees.
“If you have launched ATM machines lately, it will not surprise you to know that the fee has increased, some are based on a general amount and we are under the market in some cases.
In other cost cutting tactics, MGM also moved room furniture from one property to the next, avoiding the additional cost of the table and the new sofa.
New Fee Goals:
-
Add $ 200 million to his revenue.
Along with high fees and restructuring, MGM also increased parking costs by December 2024.
MGM Resorts also raised parking fees at Las Vegas Strip Properties
In addition, MGM resorts raised parking fees and resorts for Las Vegas strip real estate in December.
|
New rate: |
|---|
|
$ 20 Monday to Thursday |
|
$ 25 Friday to Sunday |
|
The rate for hotel guests is $ 20 daily. |
|
Valet parking $ 40 for both visitors and hotel guests daily. |
The change is a $ 2 increase for its own parking, while the valet service has a $ 5 increase. The previous rate saw its own position from $ 18 daily to Thursday and $ 23 for Friday through Sunday.
Valet parking previously cost $ 35, according to News3.
Relevant
Reactions mixed with new changes -this recently
As expected, the change does not sit well with everyone. Smooth Reddit Just a few months ago, visitors complained about high fees, and included Canadian tourists.
The user writes:
-
“Thank you MGM for wearing almost 12 dollars at the ATM stopping me several times to win.
-
“It’s not just MGM every casino ATM there, making it worse to be Canadian. I spend $ 100 there on the weekend and cost me $ 179 Canada.”
-
“Pro Tip – You deposit money to your MGM sports account, choose to withdraw to MGM Sportsbook, and then you just take it at Sportsbook, no pay.
-
“It’s crazy how they want every dollar from you, I know it’s crazy that I might play one hand baccarat for $ 800, but I won’t pay ATM more than $ 5!”
Make sure you tell us your thoughts on changing this new MGM fee. Is the new fee unable to be settled?