Playa Hotels & Resorts (PLYA) Tops Q1 EPS by 18c, Revenues Beat

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Go back to Playa Hotels & Resorts (PLYA) Tops Q1 EPS by 18c, Revenues Beat

Playa Hotels & Resorts N.V. Reports First Quarter 2019 Results

May 7, 2019 4:06 PM EDT

FAIRFAX, Va., May 07, 2019 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts N.V. (the Company or Playa) (NASDAQ: PLYA) today announced results of operations for the three months ended March 31, 2019.

Three Months Ended March 31, 2019 Results

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... More