Playa Hotels Results
Playa Hotels & Resorts N.V. Reports First Quarter 2023 Results
Net Income was $42.7 million compared to $42.7 million in 2022
Net Income was $42.7 million compared to $42.7 million in 2022
Year End Net Income was $56.7 million compared to a Net Loss of $89.7 million in 2021
Net Income was $42.7 million compared to a Net Loss of $69.7 million in 2021
Full Year Net Loss was $89.7 million compared to a Net Loss of $262.4 million in 2020
Occupancy rate of 66% at an Average Daily Rate of $325. This preliminary ADR represents an approximate 39% increase compared to the same period in 2019.
Net Loss was $12.4 million compared to a Net Loss of $78.6 million in 2020.
Owned Resort EBITDA decreased 89.2% versus 2020 to $6.5 million. Adjusted EBITDA decreased 105.0% versus 2020 to $(2.5) million.