Playa Hotels & Resorts: Occupancy Growth Across Dominican Republic Quite Encouraging

dibrova/iStock via Getty Images Investment Thesis: I revise my rating on Playa Hotels & Resorts from Hold to Buy. | | | | Three Months Ended March 31. | | | | --- | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | Change | | Occupancy | | 84.9 % | | 82.3 % | 2.6 pts | | Net Package ADR | S | 530.41 | 8 | 508.02 | 4.4 % | | Net Package RevPAR | S | 450.33 | ਣ | 417.91 | 7.8 % | | Total Net Revenue (1) | S | 283,086 | S | 262,045 | 8.0 % | | Owned Net Revenue 147 | S | 279,112 | 2 | 258,826 | 7.8 % | | Own ...