Lotte Tour Development "Jeju Dream Tower Complex Resort December Sales Exceed 20 Billion Won"

"Hotel Sector 11.5 Billion KRW, Highest Performance Since Opening and Three Consecutive Months of Profitability"

Jeju Dream Tower Complex Resort.

[Asia Economy Reporter Kim Yuri] Jeju Dream Tower Complex Resort has set a new record for the highest monthly sales. The casino sector also succeeded in turning a profit.

Lotte Tour Development announced on the 6th that the combined sales of the hotel, casino, and retail sectors of Jeju Dream Tower Complex Resort exceeded 20 billion KRW for the first time last month.

The hotel sector recorded sales of 11.5 billion KRW in December last year, marking the first time it surpassed 10 billion KRW within one year of opening. This is a 22% increase compared to the 9.5 billion KRW sales in November. The hotel's total operating profit (GOP) also reached 730 million KRW, recording a profit for three consecutive months since the first profit in October last year.

Lotte Tour Development explained, "Despite the nationwide strengthening of social distancing measures in mid-December, the opening of the second tower (850 rooms) at the end of last year enabled operation with 1,600 rooms, resulting in high occupancy rates and increased sales in food and beverage outlets and ancillary facilities, achieving the highest performance."

The casino sector also recorded its highest sales in December with 8.13 billion KRW. The company stated, "It achieved its first profit since opening in June last year, recording an EBITDA of 1.48 billion KRW." Lawrence Tio, COO of Dream Tower Casino, said, "The number of VIP customers visiting is steadily increasing," adding, "We are preparing casino operations in anticipation of the With-Corona era."

This content was produced with the assistance of AI translation services.