Welcome to our dedicated page for Playa Hotels & Resorts N.V. Ordinary Shares news (Ticker: PLYA), a resource for investors and traders seeking the latest updates and insights on Playa Hotels & Resorts N.V. Ordinary Shares stock.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) is a prominent owner, operator, and developer of luxurious all-inclusive beach resorts. With a portfolio encompassing 24 prime beachfront properties, totaling 9,027 rooms, Playa is strategically located in Mexico, Jamaica, and the Dominican Republic. The company's key brand affiliations include Hyatt Ziva, Hyatt Zilara, Hilton All-Inclusive, Wyndham Alltra, and Jewel Resorts, among others.
Playa generates most of its revenue from its properties in Mexico's Yucatan Peninsula. The company's business model emphasizes exceptional guest experiences through comprehensive all-inclusive packages that cover room accommodations, dining, beverages, and various entertainment activities. This approach is designed to provide outstanding value and convenience, which in turn drives customer loyalty and repeat business.
Recently, Playa completed extensive renovations at the Wyndham Alltra Vallarta in Nuevo Vallarta, Mexico. The refurbishment, inspired by ancient Huichol culture, included upgrades to 159 rooms and enhanced culinary offerings with five revamped dining venues. This commitment to continual improvement is evident in the new Alltra VIP Club, offering semi-private check-in, concierge services, and personalized amenities.
In addition to room upgrades, Playa is also enhancing its culinary experiences. The opening of The Blind Butcher at Hyatt Ziva Cap Cana exemplifies Playa's innovative approach to food and beverage services, offering a multisensory dining experience that includes live entertainment and exquisite dining options.
Financially, Playa has shown strong performance with a substantial cash reserve and a manageable debt profile. The company’s Board of Directors recently authorized a new $200 million share repurchase program to enhance shareholder value further. Playa's strategy leverages strong brand partnerships and in-house booking capabilities to attract first-time and returning guests, ensuring steady growth and profitability.
For more information, please visit www.playaresorts.com.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) reported its Q3 2024 financial results. The company posted a net loss of $2.7 million, an improvement from the $10.5 million loss in Q3 2023. Adjusted net income was $0.3 million, up from a $9.7 million adjusted net loss in the previous year. However, Net Package RevPAR decreased by 6.4% to $252.12 due to a 7.3 percentage point drop in occupancy, partially offset by a 4.3% increase in ADR. Owned Resort EBITDA fell 30.7% to $36.6 million, and its margin decreased by 5.1 percentage points to 21.1%. Adjusted EBITDA dropped 38% to $25.1 million, with a margin decrease of 5.6 percentage points to 14.2%. For the nine months ended September 30, 2024, net income was $64.8 million, up from $52.8 million in 2023. Adjusted net income rose to $71.4 million from $60.3 million. Despite a 7.1% increase in Net Package RevPAR to $334.28, Adjusted EBITDA decreased by 4.2% to $202.3 million. Playa's FY 2024 Adjusted EBITDA is expected to be $250-255 million.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced the dates for its third quarter 2024 earnings release and conference call. The company plans to release its financial results after market close on Wednesday, November 6, 2024, followed by a conference call on Thursday, November 7, 2024, at 09:00 a.m. Eastern Time. Investors can access the call by dialing (888) 317-6003 (domestic) or (412) 317-6061 (international) with the elite entry number 2320445. A taped replay will be available from November 7 to November 14, 2024, accessible at (877) 344-7529 or (412) 317-0088 using the elite entry number 5427963. Additionally, a webcast will be available on the company's investor relations website.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced the completion of the sale of its Jewel Palm Beach resort for $68 million in cash. The company expects to receive net proceeds of approximately $64 million from the transaction, which will be used for general corporate purposes.
Playa Hotels & Resorts is a leading owner, operator, and developer of all-inclusive resorts in prime beachfront locations across Mexico, Jamaica, and the Dominican Republic. The company's portfolio currently consists of 24 resorts with a total of 8,627 rooms under various brands, including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and Wyndham Alltra, among others.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced that reservations are now open for Kimpton Tres Rios, the first all-inclusive resort for the Kimpton brand, set to debut in early 2025. Located in Mexico's Riviera Maya, the resort offers a blend of luxury and nature on a 326-acre property featuring three ecosystems: jungle, mangrove forests, and coastal dunes.
The resort boasts 355 accommodations, including adults-only and ocean view swim-out suites, seven restaurants, five premium bars and lounges, and a range of amenities such as four swimming pools, ecological adventures, and a spa. A special Grand Opening rate starting at $249 per person, per night is currently available for bookings.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced a binding agreement to sell the Jewel Palm Beach resort for $68 million in cash. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions. Playa, a leading owner and operator of all-inclusive resorts, currently manages a portfolio of 25 resorts with 9,127 rooms across Mexico, Jamaica, and the Dominican Republic. The company partners with globally recognized hospitality brands, including Hyatt, Hilton, Wyndham, and Kimpton, to provide exceptional guest experiences and value.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) reported its Q2 2024 results. Net Income decreased to $13.2 million from $20.6 million in 2023. Net Package RevPAR increased 3.5% to $323.68, driven by a 5.8% increase in Net Package ADR, partially offset by a 1.6 percentage point decrease in Occupancy. Owned Resort EBITDA decreased 9.7% to $75.1 million, while Adjusted EBITDA decreased 11.7% to $63.7 million.
For the six months ended June 30, 2024, Net Income increased to $67.5 million from $63.4 million in 2023. Net Package RevPAR increased 12.5% to $375.43, driven by increases in both Net Package ADR and Occupancy. Owned Resort EBITDA increased 3.4% to $199.1 million, and Adjusted EBITDA increased 3.8% to $177.2 million.
The company expects FY 2024 Adjusted EBITDA to be near the low end of its $250-275 million guidance range due to impacts from Hurricane Beryl and construction disruption in the Pacific Coast.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced the dates for its second quarter 2024 earnings release and conference call. The company plans to release its financial results on Monday, August 5, 2024, after market close. A conference call to discuss the results is scheduled for Tuesday, August 6, 2024, at 08:30 a.m. Eastern Standard Time.
Investors can access the call by dialing (888) 317-6003 (domestic) or (412) 317-6061 (international) with the elite entry number 1049678. A taped replay will be available from August 6 to August 15, 2024. The company will also provide a webcast of the conference call on its investor relations website.
Playa Hotels & Resorts N.V. is a leading owner, operator, and developer of all-inclusive resorts in Mexico, Jamaica, and the Dominican Republic. The company currently manages a portfolio of 25 resorts with 9,127 rooms under various brands.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced that their resorts in the Caribbean and Mexico did not sustain significant damage from Hurricane Beryl. Following a preliminary assessment, all resorts are open, operational, and welcoming guests. Playa Hotels & Resorts is a leading owner, operator, and developer of all-inclusive resorts in prime beachfront locations across Mexico, Jamaica, and the Dominican Republic. The company currently manages 25 resorts with a total of 9,127 rooms under various global hospitality brands such as Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others.
Playa Hotels & Resorts N.V. reported strong financial and operating results for the first quarter of 2024, with Net Income at $54.3 million, a 20.2% increase in Net Package RevPAR, and Owned Resort EBITDA increasing to $124.0 million. Despite challenges in Jamaica, the company remains optimistic about FY 2024 Adjusted EBITDA of $250-275 million and significant free cash flow generation.
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