STOCK TITAN

Melco garners 97 Stars in 2023 Forbes Travel Guide – maintaining lead among Macau and Asia’s integrated resorts

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Melco Resorts & Entertainment has been awarded 97 Stars by 2023 Forbes Travel Guide, reaffirming its leadership in Macau's hospitality sector. The company received 17 Five-Star awards across its properties, including City of Dreams and Studio City. Notably, Altira Macau marks its 14th year as an FTG Five-Star awardee in both Hotel and Spa categories. CEO Lawrence Ho expressed gratitude for the recognition and emphasized the company's commitment to exceptional hospitality despite pandemic challenges. Melco aims to enhance its service culture while anticipating increased tourist influx, particularly with the launch of upcoming projects like Studio City Phase 2.

Positive
  • Awarded 97 Stars by 2023 Forbes Travel Guide, reinforcing brand reputation.
  • Secured 17 Five-Star awards across various properties, indicating high service quality.
  • Altira Macau recognized for 14 consecutive years as a Five-Star award recipient, showcasing consistency in excellence.
  • Plans to enhance service culture and hospitality as tourism resumes.
Negative
  • None.

MACAU, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded a collective total of 97 Stars by 2023 Forbes Travel Guide (FTG), maintaining its lead among Macau and Asia’s integrated resorts. FTG honored Melco with a total of 17 Five-Star awards across the Company’s property portfolio that includes City of Dreams, Studio City, Altira Macau and City of Dreams Manila. Markedly, Altira Macau celebrates its 14th successive year as FTG Five-Star award recipient across both Hotel and Spa categories.

Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco, said, "We thank FTG sincerely for the honors. The accolade highlights Melco’s continued dedication to providing guests with exceptional hospitality across our Hotels, Restaurants and Spas. While pandemic-related challenges have indeed been felt over the past few years, we are ready to welcome back the steady influx of tourists to our global resort properties by further enhancing Melco’s signature culture of service excellence with dedication and commitment. We also anticipate extending our service excellence to more guests from the world over at Melco’s soon-to-open Studio City Phase 2 and City of Dreams Mediterranean.”

Melco properties and facilities awarded 2023 Forbes Travel Guide Five-Star Ratings are as follows:

HotelsRestaurantsSpas
Morpheus, City of Dreams MacauAlain Ducasse at Morpheus, Morpheus, City of Dreams MacauMorpheus Spa, City of Dreams Macau
Nüwa, City of Dreams MacauYí, Morpheus, City of Dreams MacauNüwa Spa, City of Dreams Macau
Star Tower, Studio CityJade Dragon, Nüwa, City of Dreams MacauZensa Spa, Studio City
Altira MacauPearl Dragon, Studio CityAltira Spa, Altira Macau
Nüwa, City of Dreams ManilaTenmasa, Altira MacauNüwa Spa, City of Dreams Manila
 Ying, Altira Macau 
 Aurora, Altira Macau 


City of Dreams


About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit www.melco-resorts.com.

The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4501764d-0d15-4cbb-9b80-42de5b31a2b2


FAQ

What accolades did Melco Resorts receive in 2023?

Melco Resorts received a total of 97 Stars from the 2023 Forbes Travel Guide, including 17 Five-Star awards across its properties.

Which Melco Resorts property has been awarded for 14 consecutive years?

Altira Macau has been recognized for 14 successive years as an FTG Five-Star award recipient in both Hotel and Spa categories.

What is Melco Resorts' strategy following the pandemic?

Melco Resorts aims to enhance its service culture and hospitality to welcome back an influx of tourists as travel resumes.

What is the significance of the Five-Star awards for Melco Resorts' investors?

The Five-Star awards highlight the company's commitment to quality, potentially increasing its attractiveness to tourists and investors.

What properties are included in Melco Resorts' Five-Star awards?

Properties awarded include City of Dreams, Studio City, Altira Macau, and City of Dreams Manila.

Melco Resorts & Entertainment Limited American Depositary Shares

NASDAQ:MLCO

MLCO Rankings

MLCO Latest News

MLCO Stock Data

2.60B
419.71M
39.17%
2.64%
Resorts & Casinos
Consumer Cyclical
Link
United States of America
Central