Three Months Ended March 31, 2021 Results
Net Loss was $69.7 million compared to a Net Loss of $22.6 million in 2020. Net Loss for the three months ended March 31, 2021 includes $24.0 million of property and equipment impairment losses.
Adjusted Net Loss
Owned Resort EBITDA decreased 89.2% versus 2020 to $6.5 million.
Adjusted EBITDA decreased 105.0% versus 2020 to $(2.5) million.
(1)
Adjusted Net Income/(Loss) excludes special items, which are those items deemed not to be reflective of ongoing operations. See Definitions of Non-U.S. GAAP Measures and Operating Statistics for a description of how we compute Adjusted Net Income/(Loss) and other non-GAAP financial figures included in this press release. The first quarter finished on a strong note despite the change in international travel guidelines issued in January by the CDC. March was a very important milestone for Playa s recovery journey: it was the first month since the onset of the
New boutique, resort hotels opening in the US, Mexico, Jamaica this spring and summer
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April 28, 2021
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Travelers excited to get out and explore this summer, thanks to the coronavirus vaccine making its way to the broader population, will find leisure travel making a big comeback. In fact, guests will notice renovations and new debuts across the board as properties used the downtime to freshen up their hotel and resort offerings.
As you consider your favorite destinations for summer getaways, keep an eye on incentives for hotel packages revealing new rooms, onsite eateries and spa amenities. And be sure to plan for socially distanced travels, follow all local guidelines, and review what it’s like to fly during the pandemic.
Sandals Resorts Jamaica adds exciting new resorts
2 hours ago
Two all-inclusive resorts and a prime parcel of beachfront land are going to be transformed.
Guests can expect lavish rooms and suites, luxurious amenities, fine dining, and golf.
Signaling the brand’s ongoing confidence in the destination, Sandals Resorts International (SRI), the Caribbean’s leading luxury all-inclusive resort company, is making it clear that it is confident in destination Jamaica with the addition of 3 new hotels.
Sandals Resorts International Chairman Adam Stewart said they will be transforming 2 all-inclusive resorts in Jamaica that they acquired last year – the former Jewel Dunn’s River Beach Resort & Spa in Ocho Rios and Jewel Runaway Bay Beach Resort & Waterpark – along with a prime parcel of beachfront land adjacent to the Ocho Rios resort. These new properties will offer 3 distinct experiences under the Sandals Resorts and Beaches Resorts brands.
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Sandals Resorts International will expand its Jamaican portfolio with the addition of three hotels, according to executive chairman Adam Stewart.
Sandals will transform the former Jewel Dunn s River Beach Resort & Spa and Jewel Runaway Bay Beach Resort & Waterpark, two all-inclusive resorts acquired in 2020, plus a prime parcel of beachfront land adjacent to the Dunn s River resort into three distinct properties under the Sandals and Beaches brands.
The expansion will mark the return of the Dunn s River property to the Sandals family as Sandal s Dunn s River, the same moniker used when the resort joined the brand in 1990. Sandals Dunn s River holds special meaning to our family because its history is the story of Jamaica s evolution as a travel powerhouse, said Stewart. My father grew up on the beach in Ocho Rios, and this hotel the first of its kind when it was built in the 1950s captured the era s glamour and sparked his imagination.