Category: Worldwide - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on tuesday 28 february 2017
Fourth Quarter 2016 Highlights
- Net earnings attributable to Belmond Ltd. of $6.7 million, a $6.3 million increase over the prior-year quarter; adjusted net earnings from continuing operations of $1.4 million, a $1.4 million decrease
- Revenue of $114.2 million, down $8.5 million or 7% from the prior-year quarter; down $7.4 million or 6% on a constant currency basis
- Same store revenue per available room (“RevPAR”) down 6% from the prior-year quarter; down 7% on a constant currency basis
- Total adjusted EBITDA of $16.4 million, down $6.1 million from the prior-year quarter; down $6.8 million on a constant currency basis
Full Year 2016 Highlights
- Net earnings attributable to Belmond Ltd. of $36.3 million, a $20.0 million increase over the prior year; adjusted net earnings from continuing operations of $25.6 million, a $7.3 million increase
- Revenue of $549.8 million, down $1.6 million from the prior year; up $15.0 million or 3% on a constant currency basis
- Same store revenue per available room (“RevPAR”) up 1% over the prior year; up 3% on a constant currency basis
- Total adjusted EBITDA of $128.2 million, up $8.7 million or 7% over the prior year; up $9.8 million or 8% on a constant currency basis
Other Highlights
- Re-opened renovated Belmond La Residence d'Angkor in November 2016
- Appointed Kenneth Hatton to senior vice president, global development, in January 2017
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