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Stock impact report

PLAYA HOTELS & RESORTS WITHDRAWS 2020 FINANCIAL GUIDANCE

Playa Hotels & Resorts N.V. - Ordinary Shares (PLYA) 
Last playa hotels & resorts n.v. - ordinary shares earnings: 2/27 05:02 pm Check Earnings Report
US:NASDAQ Investor Relations: playaresorts.com
Company Research Source: GlobeNewswire
FAIRFAX, Va., March 13, 2020 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA, “Playa or The Company”) today announced that it has withdrawn its previously announced 2020 outlook due to the impact on travel demand as a result of the spreading COVID-19 outbreak. Bruce Wardinski, Chairman and Chief Executive Officer of the Company, said, “we provided 2020 EBITDA and RevPAR guidance on Feb 28, 2020 using the best information we had at the time with respect to the impact of COVID-19 and the associated impact to our business. Since then, the virus has spread to more jurisdictions and has impacted global travel to an extent not contemplated in our guidance. Although the slowdown in travel has been more acute in the business transient segment, the growing uncertainty is also weighing on leisure travel demand. We have maintained positive momentum for periods beyond May but given higher than normal cancellation rates, the rapidly-evolving nature of the situation, and thus our l Show less Read more
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