Rezidor's Rocky Q1 Includes Entry into the Economy and Millennial-Friendly Sectors
Skift Take
Although Carlson Rezidor saw one of its best years, financially, in 2015 since 2007, 2016 is proving to be a challenging one for the company, which has also been rumored to be up for sale.
Rezidor Hotel Group released its first quarter earnings on April 21 and saw a total revenue decrease of 4.3 percent to approximately $233.71 million, compared to $244.3 million in the first quarter of 2015.
Earnings before interest, tax, depreciation and amortization (EBITDA) was down $10.4 million. Like for like revenue per available room (RevPAR) was up 1 percent thanks to an increase in average room rate and lower occupancy numbers.
"The first quarter is usually weak, and this year was further impacted by
