FAIRFAX, Va. , Nov. 6, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.
V. (the "Company" or "Playa") (NASDAQ: PLYA ) today announced results of operations for the three and nine months ended September 30, 2024 . Three Months Ended September 30, 2024 Results Net Loss was $2.
7 million compared to $10.5 million in 2023 Adjusted Net Income (1) was $0.3 million compared to an Adjusted Net Loss (1) of $9.
7 million in 2023 Net Package RevPAR decreased 6.4% over 2023 to $252.12 , driven by a 7.
3 percentage point decrease in Occupancy, partially offset by a 4.3% increase in Net Package ADR Comparable Net Package RevPAR decreased 9.4% over 2023 to $275.
97 , driven by a 5.9 percentage point decrease in Occupancy and a 1.5% decrease in Net Package ADR Owned Resort EBITDA (1) decreased 30.
7% versus 2023 to $36.6 million Owned Resort EBITDA Margin (1) decreased 5.1 percentage points versus 2023 to 21.
1%. The depreciation of the Mexican Peso, net of foreign currency forward contracts, favorably impacted Owned Resort EBITDA Margin by approximately 170 basis points for the three months ended September 30, 2024 . Business interruption insurance proceeds and recoverable expenses related to Hurricane Fiona positively impacted Owned Resort EBITDA Margin by approximately 40 basis points for the three months ended September 30, 2024 and by 50 basis points for the three months ended September 30, 2023 .
Excluding these impacts, Owned Resort EBITDA Margin would have been 19.1%, a decrease of 6.6 percen.
