Jeju Dream Tower Integrated Resort posted its highest April revenue since opening, despite April typically being an off-season month. A sharp rise in casino visitors, combined with higher hotel occupancy rates, drove the performance.
According to Lotte Tour Development on Sunday, Jeju Dream Tower's total revenue in April reached 63.5 billion won ($46 million), up 20.6% from 52.6 billion won in March and 38.9% from 45.7 billion won a year earlier. The figure also surpassed last year's peak-season results of 58.9 billion won in July and 59.6 billion won in August.
The casino segment led the performance. April casino revenue came in at 48.8 billion won, up 20.9% from 40.4 billion won the previous month. Table revenue rose to 46.5 billion won (+21.3%), while machine revenue reached 2.3 billion won (+14.3%). The table hold rate — the share of drop amount actually retained by the casino as profit — stood at 22.6%.
Visitor numbers also climbed. The casino drew 58,534 users, up 27.9% year-on-year, with a daily average of 1,951 visitors — the second-highest figure since opening, following last September's 1,968. The drop amount, or the total funds customers exchanged for chips, totaled 205.3 billion won, up 8.7% from the previous month.
The hotel segment, operated as Grand Hyatt Jeju, generated 14.6 billion won in revenue, up 19.5% from 12.3 billion won in March and 14.1% from 12.8 billion won a year earlier. The room occupancy rate reached 87.6%, jumping 14.2 percentage points from the previous month. Foreign guests accounted for 77.3% of stays, up 11.6 percentage points from 65.7% a year earlier and marking an all-time high. Food and beverage (F&B) revenue also rose to 3.4 billion won, up 14.5% from the previous month.
"Cumulative revenue through April reached 220.2 billion won, showing nearly 36% growth from 162 billion won a year earlier, and operating leverage effects are expected to be further maximized this year," a Lotte Tour official said.
