Playa Hotels & Resorts (PLYA) Misses Q1 EPS by 12c, Revenues Miss
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Playa Hotels & Resorts N.V. Reports First Quarter 2020 Results
May 11, 2020 4:06 PM EDTFAIRFAX, Va., May 11, 2020 (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, 2020.
Three Months Ended March 31, 2020 Results
Net Loss was $22.6 million compared to Net Income of $43.0 million in 2019Adjusted Net Income was $1.5 million compared to $46.9 million in 2019Net Package RevPAR decreased 19.1% versus 2019 to $197.55, driven by a 1,350 basis point decrease in Occupancy, and a 2.7% decrease in Net Package ADRComparable Net Package... More