PLAYA HOTELS & RESORTS WITHDRAWS 2020 FINANCIAL GUIDANCE
(WorldNews Netherlands)

PDF Version 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2020 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA, `Playa or The Company`) today announced that it has withdrawn its previously announced 2020 outlook due to the impact on travel demand as a result of the spreading COVID-19 outbreak.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...