Sun Country Airlines March 2024 Business Overview Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements, which involve risks and uncertainties. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would" and, in ...

America has a new favorite grill and bar chain.For the first time, Chili's overtook Applebee's in terms of U.S. systemwide sales in 2024, according to Technomic.Data from the restaurant tracking firm shows that from 2021 to 2024, Chili's grew U.S. sales from about $3.6 billion to $4.6 billion, while Applebee's $4.1 billion U.S. sales were about flat over that same time period.In their most recently reported fiscal quarters, Chili's saw its same-store sales spike 31%, while Applebee's domestic same-store sal ...

U.S. SEC DECLARES FORM F-4 SEC REGISTRATION EFFECTIVESINGAPORE, June 2, 2025 /PRNewswire/ -- Hotel101 Global Holdings Corp. ("Hotel101" or "HBNB") and JVSPAC Acquisition Corp. (NASDAQ: JVSA) ("JVSPAC") announced today that the United States Securities and Exchange Commission ("SEC") has declared effective Hotel101's registration statement on Form F-4 filed with the SEC in connection with the previously announced business combination agreement between Hotel101 and JVSPAC.JVSPAC has scheduled the Extraordinar ...

Core Insights - PLBY Group, Inc. reported Q1 2025 revenue of $28.9 million, a 2% increase from $28.3 million in Q1 2024, driven by a significant rise in licensing revenue [4][7] - The company achieved a net loss of $9.0 million, an improvement of $7.4 million compared to a net loss of $16.4 million in Q1 2024 [7][21] - Adjusted EBITDA for the quarter was $2.4 million, marking a substantial improvement from an adjusted EBITDA loss of $2.5 million in the same quarter last year [8][21] Financial Performance - Total revenue for Q1 2025 was $28.9 million, reflecting a year-over-year increase of $0.6 million, or 2% [4][21] - Licensing revenue surged to $11.4 million, a 175% increase from $4.1 million in Q1 2024, primarily due to the Byborg licensing agreement [6][21] - Direct-to-consumer revenue decreased by 13% to $16.3 million, attributed to reduced promotional activities for the Honey Birdette brand [7][21] Operational Highlights - The company transitioned to an asset-light business model, focusing on licensing the Playboy brand, which is showing positive results [3][6] - The Byborg partnership generated $5 million in guaranteed royalties in Q1, with expectations of at least $20 million annually for the next 15 years [3][6] - The relaunch of Playboy magazine in February 2025 was successful, leading to plans for additional issues and new revenue streams [3][6] Cost Management - Total operating expenses decreased by 6% to $35.1 million from $37.2 million in Q1 2024 [7][21] - The company incurred approximately $1 million in costs during Q1 2025, which have since been eliminated, indicating a focus on cost reduction [3][8] Future Outlook - PLBY Group is actively pursuing new licensing opportunities, particularly in land-based entertainment and gaming [3][6] - The company plans to publish four issues of Playboy magazine in 2026, aiming to create additional excitement and revenue [3][6]

Banking disruptor SoFi Technologies (SOFI 1.44%) has grown at an impressive pace in roughly four years since it became a publicly traded company. The company's membership base has more than tripled since the end of 2021, SoFi's banking platform has grown from zero at the start of 2022 to more than $27 billion in consumer deposits today, and its adjusted EBITDA in 2024 was about 23 times what it was just three years prior. Even after this fantastic growth, SoFi remains a relatively small financial institutio ...

Financial Data and Key Metrics Changes - Adjusted EBITDA grew 9% on a comparable basis and adjusted EPS increased 20% [6][24] - Global RevPAR grew 2% in constant currency, with U.S. RevPAR starting strong but softening in February and March [7][9] - Free cash flow was $80 million, converting from adjusted EBITDA at approximately 55% [24] Business Line Data and Key Metrics Changes - Fee-related and other revenues increased by $12 million year over year, driven by a 9% increase in royalties and franchise fees [22] - Ancillary revenue growth was primarily driven by higher credit card and partnership fees [22][19] - The company opened 15,000 rooms, a 13% increase from the previous year, and signed 6% more deals than a year ago [15][17] Market Data and Key Metrics Changes - International RevPAR grew in all regions except China, with Latin America seeing a 25% increase [8] - EMEA RevPAR rose 6%, while Southeast Asia and the Pacific Rim posted 8% growth [8] - In China, RevPAR declined 8% year over year due to pricing pressure [8] Company Strategy and Development Direction - The company focuses on growing its system and supporting franchisees, with a record first quarter for room additions [14][20] - The strategy includes prioritizing development in higher fee par geographies and expanding direct franchising [18] - The company aims to capture trade down demand from both leisure and business travelers seeking value [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the summer travel months despite recent softness in demand [10][41] - The outlook for full-year constant currency global RevPAR is revised to range between down 2% to up 1% [25][26] - Management remains confident in the long-term growth strategy and the resilience of the business model [29][21] Other Important Information - The company returned nearly $110 million to shareholders through share repurchases and dividends [24] - Wyndham was named one of the world's most ethical companies for the third straight year [20] Q&A Session Summary Question: Can you elaborate on the changes in the U.S. RevPAR outlook? - Management noted that normalized April demand improved, with RevPAR running about a full point ahead of the prior year, indicating potential positive momentum [39][40] Question: What is the long-term outlook for net room growth? - Management reaffirmed a long-term net room growth outlook of 3% to 5%, with a record first quarter for room openings [52][56] Question: How is the company managing development costs amid rising prices? - Management highlighted efforts to shift sourcing and negotiate with suppliers to manage increased costs effectively [67][69] Question: What is the company's strategy regarding key money? - The company is being selective with key money allocations, focusing on high-quality revenue accretive opportunities [78][80] Question: How is the company addressing the recent trends in infrastructure demand? - Management reported a gradual resumption of infrastructure fund disbursements, with expectations of continued growth driven by private investment [106][110]

Wyndham Hotels & Resorts (WH) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Matt Capuzzi - SVP IRGeoff Ballotti - President, CEO & DirectorMichele Allen - CFO & Head of StrategyLizzie Dove - Vice President Equity ResearchMichael Bellisario - Managing DirectorDavid Katz - Managing DirectorStephen Grambling - Managing DirectorDany Asad - DirectorPatrick Scholes - Managing Director - Lodging & Leisure Equity ResearchIan Zaffino - Managing Director Conference Call Participants Brandt Monto ...

Core Viewpoint - The outlook for U.S. Lodging C-Corps and Timeshares has been downgraded due to weaker consumer demand, geopolitical uncertainty, and negative impacts from U.S. airlines, leading to a reduction in 2025 RevPAR forecasts by approximately 125 basis points [1] Group 1: Market Conditions - A 45% probability of a U.S. recession is assumed, although not fully factored in, with a focus on asset-light companies that have global exposure and less reliance on U.S. resorts [2] - The preference is for stocks with more global diversity, lower U.S. resort exposure, asset-light business models, and stronger prospects for non-RevPAR and ancillary revenues in a choppier macro environment [3] Group 2: Historical Context - Historical data indicates that lodging revenue growth is cyclical, with significant downturns during previous recessions, where business demand impacts leisure travel first, and premium chains experience larger RevPAR declines than economy chains [4] - Hotel C-Corps have transitioned to asset-light, fee-based business models over the past decade, which have shown resilience during downturns, as franchise revenues tend to perform better than owned/leased or timeshare revenues [4] Group 3: Company-Specific Updates - Choice Hotels International Inc (CHH) was upgraded from Sell to Buy, with a price forecast lowered from $141 to $138, due to its defensive position driven by franchise revenue structure and strong balance sheet [6] - CHH is less affected by current macroeconomic challenges compared to other U.S. lodging companies, with improving trends in consumer purchase intent and performance among lower-income segments [7] - Hyatt Hotels Corporation (H) was downgraded from Neutral to Sell, with a price forecast lowered from $150 to $110, due to higher macro sensitivity and significant exposure to China [8] - Hilton Worldwide Holdings (HLT) and Marriott International Inc (MAR) were downgraded from Buy to Neutral, with price forecasts lowered from $296 to $235 and from $313 to $245, respectively, due to macro volatility and consumer pressures impacting macro-sensitive segments [9][10] - Both HLT and MAR have strong business models but face high valuations compared to historical cycles, with consensus estimates for IMF and non-RevPAR fees considered too optimistic [11]

Financial Data and Key Metrics Changes - System-wide RevPAR growth was reported at 5% for the fourth quarter and 4.6% for the full year, indicating strong performance particularly among luxury brands [4][24][48] - Adjusted EBITDA for the fourth quarter was $255 million, reflecting a 20% increase compared to the previous year, excluding the impact of asset sales [31][75] - Gross fees reached a record $294 million in the quarter, up 17%, driven by franchise and other fees which increased by 27% [27][71] Business Line Data and Key Metrics Changes - Leisure transient rooms revenue increased approximately 4% in the fourth quarter, while group rooms revenue was flat but up 5% when adjusted for holiday timing [5][6][50] - Business transient revenue saw a significant increase of 12% for the year, benefiting major urban markets in the U.S. [8][52] - World of Hyatt membership reached approximately 54 million members, a 22% increase year-over-year, indicating strong engagement [9][53] Market Data and Key Metrics Changes - RevPAR in the United States increased over 3%, with the Americas excluding the U.S. seeing a 9% increase [24][68] - Asia Pacific excluding Greater China reported RevPAR growth of approximately 12%, driven by international inbound travel [25][79] - Europe experienced a 7% increase in RevPAR, supported by both leisure and business transient travel [26][70] Company Strategy and Development Direction - The company aims to accelerate organic net rooms growth in 2025, with a strong pipeline of openings including the Venetian Resort [3][47] - A focus on expanding the luxury and lifestyle hotel portfolio while also entering the upper midscale segment has been emphasized [12][60] - The company is committed to maintaining a brand-led organization to enhance customer loyalty and engagement [15][59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, citing strong demand from both leisure and business travelers [4][24] - The outlook for 2025 includes expected RevPAR growth of 2% to 4%, with strong group and business transient demand anticipated [34][78] - Management noted that the company is well-positioned to drive value creation through expanded management platforms and distribution channels [108][114] Other Important Information - The company repurchased approximately $1.2 billion in shares during 2024, with $1 billion remaining under the share repurchase authorization [32][76] - Adjusted free cash flow is expected to range from $450 million to $500 million, excluding deferred cash taxes related to asset sales [41][85] - The company plans to return capital to shareholders in 2025, beyond quarterly dividends, although specific details are pending due to ongoing transactions [86][88] Q&A Session Summary Question: Insights on net rooms growth and attrition - Management indicated that net rooms growth is expected to accelerate in 2025, with 9,000 rooms already opened in the first part of the year, representing 40% of the annual growth target [93][94] - Attrition related to a franchisee's insolvency has been conservatively factored into the growth outlook, although no hotels have ceased operations [98][102] Question: Update on the Playa transaction - Management refrained from commenting on specific details of the Playa transaction but emphasized the focus on expanding management platforms and optimizing all-inclusive infrastructure [107][108] Question: Appetite for further M&A - Management confirmed that the pace of M&A activity will calm down following the Playa transaction, focusing on optimizing the current brand portfolio [113][114] Question: Environment for real estate sales - Management noted strong relationships with high-end all-inclusive resort investors and indicated an increasing interest from institutional capital in the market [120][124] Question: Co-branded credit card performance - The co-branded credit card contract was renewed in 2021 for five years, with significant growth in membership and spending per cardholder noted [127][129]