Playa Hotels & Resorts N.V. Reports First Quarter 2019 Results
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Playa Hotels & Resorts (PLYA) Tops Q1 EPS by 18c, Revenues Beat
May 7, 2019 4:41 PM EDTPlaya Hotels & Resorts (NASDAQ: PLYA) reported Q1 EPS of $0.36, $0.18 better than the analyst estimate of $0.18. Revenue for the quarter came in at $195.8 million versus the consensus estimate of $181.6 million.
Net Income was $43.0 million compared to $21.8 million in 2018Adjusted Net Income was $46.9 million compared to $35.1 million in 2018Net Package RevPAR decreased 10.7% over 2018 to $244.20, driven by a 2.4% decrease in Net Package ADR and a 750 basis points decrease in OccupancyComparable Net Package RevPAR decreased 5.3% over 2018 to $264.55, driven by a 1.3% decrease in Net Package ADR and a 360 basis points decrease in OccupancyOwned Resort EBITDA decreased... More