Third Quarter Net Loss of $(0.36) Per Common Share – Third Quarter Normalized FFO of $0.27 Per Common Share – Third Quarter Adjusted EBITDAre of $137.3 million
Net loss attributable to common stockholders was $11.0 million, or $0.10 per diluted share, compared with a net loss of $38.3 million, or $0.37 per diluted share, in the same period of 2020.
Las Vegas Strip Resorts and Regional Operations Adjusted Property EBITDAR increased 21% and 29%, respectively, compared to the third quarter of 2019
Net Loss was $12.4 million compared to a Net Loss of $78.6 million in 2020.
Third quarter domestic RevPAR exceeded guidance and grew 11.4% above 2019 levels; awarded 89 new domestic franchise agreements in the quarter, a 10% increase from the same period of 2020
Net loss Lessened $16.9 million to a net loss of $1.4 million from a net loss of $18.3 million in the 2020 third quarter. Net loss per diluted common share was $(0.07) versus net loss per diluted common share of $(0.38) for the same period last year.
Net income increased compared to the third quarter of 2020 to $120 million. Adjusted EBITDA increased compared to the third quarter of 2020 to $110 million. Comparable system-wide RevPAR increased to $93.70 in the third quarter of 2021, and decreased 31.8% compared to the third quarter 2019 on a reported basis.
Third quarter 2021 comparable systemwide constant dollar RevPAR increased 118.4 percent worldwide, 134.7 percent in the U.S. & Canada, and 76.3 percent in international markets, compared to the 2020 third quarter
Group, Corporate Demand Recovery Accelerates
Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the third quarter 2021 increased 74.4% to $83.00 compared to $47.60 in the third quarter 2020. Same-Store Average Daily Rate (ADR) increased 31.5% to $117.79 and Same-Store occupancy increased 32.6% to 70.47% in the third quarter 2021 compared to the same period in 2020.