Net revenue increased 4% to $1,105 million
U.S. RevPAR declined 1% year-over-year, and international RevPAR declined 1% year-over-year in constant currency.
Net income for the third quarter was $290 million, a 77 percent increase from the same period in 2018
Net sales rose by 6.6% to 5,195 MSEK (4,874), chiefly due to good demand and more rooms in operation.
At the Chain level, Average Daily Rate increased 6.0% and Revenue per Available Room decreased 0.5 percentage points compared to 3Q18, to $1,021 and $596, respectively. Chain occupancy in 3Q19 was 58.4%.
Full-year 2019 EBITDA target between 820 million and 840 million
The Baird/STR Hotel Stock Index increased 1.6% in September to 4,634. Year to date through the first nine months of 2019, the index was up 13.9%.
The newly formed committee will update and expand the Uniform Systems of Accounts for the Lodging Industry (USALI) for US and International Financial Reporting Standards.
Net income attributable to Vail Resorts, Inc. was $301.2 million for fiscal 2019, a decrease of 20.7% compared to fiscal 2018, which was positively impacted by U.S. tax reform.
The Baird/STR Hotel Stock Index dropped 6.6% in August to 4,561. Year to date through the first eight months of 2019, the index is up 12.1%.