Filing Flows › Industries › Hotels & Motels › Capital spending and supply chain
Hotels & Motels: capital spending and supply chain
SIC 7011 · 18 companies with filed cash-flow statements
Analysis
18 companies in Hotels & Motels (SIC 7011) spent $5.9B on capital projects over their latest twelve months, 40% of the $14.6B their operations generated; the three largest spenders — LVS, MGM, WYNN — account for 46%.
Capital spending is 4.6% of the industry's $127.4B of annual revenue.
By the industry's asset mix most of it goes to structures (58%); about $1.2B is imported.
The largest supplier of that spending is office and commercial structures ($3.0B).
Its largest supplying industries, by the input-output tables: management of companies and enterprises ($8.6B), imports ($2.6B), electric power generation, transmission, and distribution ($2.2B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| LVS Las Vegas Sands | $1.1B | $3.5B | 31% | TTM to Q3 2026 |
| MGM MGM Resorts International | $914M | $2.3B | 40% | TTM to Q3 2026 |
| WYNN Wynn Resorts | $705M | $1.2B | 58% | TTM to Q3 2026 |
| CZR Caesars Entertainment | $664M | $1.2B | 53% | TTM to Q3 2026 |
| BYD Boyd Gaming | $604M | $589M | 103% | TTM to Q3 2026 |
| RRR Red Rock Resorts | $535M | $586M | 91% | TTM to Q3 2026 |
| PENN Penn Entertainment | $442M | $734M | 60% | TTM to Q3 2026 |
| PK Park Hotels & Resorts | $312M | $420M | 74% | TTM to Q3 2026 |
| H Hyatt Hotels | $144M | $328M | 44% | TTM to Q3 2026 |
| SHO Sunstone Hotel Investors | $106M | $198M | 54% | TTM to Q3 2026 |
| TNL Travel & Leisure | $95.0M | $512M | 19% | TTM to Q3 2026 |
| HLT Hilton Worldwide Holdings | $83.0M | $2.0B | 4% | TTM to Q3 2026 |
| XHR Xenia Hotels & Resorts | $62.9M | $188M | 33% | TTM to Q3 2026 |
| CHH Choice Hotels International | $59.1M | $208M | 28% | TTM to Q3 2026 |
| WH Wyndham Hotels & Resorts | $48.0M | $378M | 13% | TTM to Q3 2026 |
| MCRI Monarch Casino & Resort | $25.6M | $168M | 15% | TTM to Q3 2026 |
| CNTY Century Casinos | $15.3M | $7.3M | 208% | TTM to Q2 2026 |
| FLL Full House Resorts | $6.0M | $13.6M | 44% | TTM to Q3 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| VICI | MGM | 38% | Stated in 10-K (XBRL) | filing |
| Vici Properties L.P. | MGM | 38% | Stated in 10-K (XBRL) | filing |
| VICI | CZR | 36% | Stated in 10-K (XBRL) | filing |
| Vici Properties L.P. | CZR | 36% | Stated in 10-K (XBRL) | filing |
| AMZN | CZR | — | Stated in 10-K (named, share not stated) | filing |
| AAPL | PENN | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | PENN | — | Stated in 10-K (named, share not stated) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.