Playa resorts in Jamaica getting back into the swing of business
Published:Friday | November 11, 2022 | 6:15 AM
Resorts in Jamaica owned and operated by Playa Hotels & Resorts earned US$43.8 million ($6.6 billion) in revenue in the September quarter, a 48 per cent step-up reflecting continuing recovery from the pandemic.
Over nine months, from January to September, revenue earned in Jamaica doubled to US$131.8 million from US$65.4 million. It would have been higher but for lockdowns earlier in the year.
“The recovery in Jamaica has continued to improve but was depressed as this segment suffered the greatest impact from the Omicron variant with disrupted bookings in January as a result of more stringent COVID-19-related travel restrictions,” said Playa Chairman and CEO Bruce Wardinski.
The revenue generated in Jamaica also outpaced 2019 levels on a comparative basis. Playa operates 1,577 rooms locally, which represent 17 per cent of the group’s overall portfolio.
Its Jamaican properties include Hyatt Ziva Rose Hall, Hyatt Zilara Rose Hall, Hilton Rose Hall, Jewel Paradise Cove and Jewel Grande.
Occupancy levels for its local properties is now at around 76 per cent compared to 58 per cent a year earlier. The rise is “driven by an increase in demand from United States, European, Canadian and South American sourced guests”, Wardinski said.
Playa Resorts generated US$623.6 million over nine months, up 80 per cent year on year, which allowed it to spin from a loss of US$90 million to net profit of US$71 million.