Pro forma RevPAR increased 1.3%, driven by a Pro forma ADR increase of 2.0%
The calendar and current situation in part of the Americas and Canary Islands are behind the fall in EBITDA (-4.5%) and Net Profit (-23.2%) compared to Q1 2018
Year to date through the first four months of 2019, the Hotel Stock Index is up 20.1%.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first quarter were $72.4 million, an increase of 8% from the same period of 2018.
Net income decreased 53.4% to $17.9 million. Excluding the effect of the gain on the two hotels sold during the first quarter of 2018, net income would have decreased 21.4%.
Net sales rose by 7.3% to 4,066 MSEK (3,791). Organic growth was 4.7% while sales for comparable units grew by 2.5%. More rooms in operation contributed with 2.2% to sales growth.
Comparable RevPAR was $176.44, an increase of 4.5% from the same period in 2018
Eldorado Resorts, Inc. (NASDAQ: ERI) today reported record operating income and Adjusted EBITDA for the first quarter ended March 31, 2019.
RevPAR was up 0.3%, with rate up 0.6% and occupancy down 0.2%pts.
Hyatt Hotels Corporation (NYSE: H) today reported first-quarter 2019 financial results. Net income attributable to Hyatt was $63 million, or $0.59 per diluted share, in the first quarter of 2019, compared to $411 million, or $3.40 per diluted share, in the first quarter of 2018.