Playa Hotels & Resorts N.V. Reports Third Quarter 2019 Results
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Playa Hotels & Resorts (PLYA) Misses Q3 EPS by 7c
November 6, 2019 5:55 PM ESTPlaya Hotels & Resorts (NASDAQ: PLYA) reported Q3 EPS of ($0.23), $0.07 worse than the analyst estimate of ($0.16).
Three Months Ended September 30, 2019 Results
Net Loss was $30.5 million compared to a Net Loss of $5.4 million in 2018Adjusted Net Loss was $30.2 million compared to $9.8 million in 2018Net Package RevPAR decreased 3.2% over 2018 to $169.58, driven by a 370 basis point decrease in Occupancy and partially offset by a 1.4% increase in Net Package ADRComparable Net Package RevPAR decreased 2.7% versus 2018 to $174.28, driven by a 0.7% decrease in Net Package ADR, and a 160 basis point decrease in OccupancyOwned Resort EBITDA decreased 26.5%... More