March sales at the Jeju Dream Tower complex resort operated by Lotte Tour Development topped the 50 billion won range for the first time. Strong performance in the casino institutional sector led to improved results.
Lotte Tour Development disclosed on the 1st that the Jeju Dream Tower complex resort posted total March sales of 52.6 billion won from the casino and hotel institutional sectors. That was up 15% from the previous month (45.7 billion won) and 21.7% from a year earlier (43.2 billion won).
Since the resort opened, this is the first time March sales have exceeded 50 billion won. A Lotte Tour Development official said, "Compared with last year, when monthly sales did not enter the 50 billion won range until May, this year pulled that point forward by two months, breaking down the line between peak and off season."
March casino sales were 40.4 billion won, up 23.8% from the previous month (32.5 billion won) and 24.3% from a year earlier (32.5 billion won). Key indicators such as drop amount and visitor numbers also rose together. Table drop amounted to 188.8 billion won, up 24.7% from the previous month (151.4 billion won), and visitors totaled 53,587, up 22% from the previous month (43,914).
The hotel institutional sector (Grand Hyatt Jeju) recorded sales of 12.2 billion won with a 73.4% room occupancy rate. Reflecting March results, first-quarter sales came to 156.7 billion won, up 34.8% from a year earlier (116.2 billion won). Since the second quarter of last year, quarterly sales have remained in the 150 billion won range.