Playa Hotels & Resorts (PLYA) Reports Prelim Q4 Operating Stats

January 20, 2022 4:07 PM EST
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Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced today that it expects to report the following fourth quarter 2021 property operating statistics for the Company's total owned resort portfolio of 7,124 rooms when it reports final results in February 2022:

  • Occupancy rate of 66% at an Average Daily Rate ("ADR") of $325. This preliminary ADR represents an approximate 39% increase compared to the same period in 2019.
  • Owned Resort EBITDA Margin of approximately 33%

"Our teams did a masterful job navigating the challenges presented by COVID-related disruptions during the fourth quarter and delivered exceptional results in the face of adversity," said Bruce Wardinski, Chairman and CEO of Playa Hotels & Resorts. "Furthermore, I am optimistic for the new year and encouraged by the acceleration in our bookings that we have seen in recent weeks."

These results are preliminary as the Company has not yet completed its financial close processes for the fourth quarter of 2021. These estimates are not a comprehensive statement of the company's financial results for the fourth quarter of 2021. The Company expects to report final fourth quarter financial results and property operating statistics on February 24, 2022. Final results, when reported, could differ materially from these preliminary results.

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