Revenue: As of FY2025 Q1, the actual value is USD 118.86 M.

EPS: As of FY2025 Q1, the actual value is USD -4.85.

EBIT: As of FY2025 Q1, the actual value is USD -43.74 M.

Segment Revenue

• Total Revenue: $118,856,000 for the three months ended March 31, 2025, compared to $133,479,000 for the same period in 2024, representing an 11.0% decrease.

Operational Metrics

• Net Loss: $56,495,000 for the three months ended March 31, 2025, compared to $50,487,000 for the same period in 2024.
• Loss from Operations: $63,641,000 for the three months ended March 31, 2025, compared to $67,661,000 for the same period in 2024.
• Cost of Revenue (excluding depreciation and amortization): $96,849,000 for the three months ended March 31, 2025, compared to $100,363,000 for the same period in 2024.
• Operating Margin: Loss from operations as a percentage of revenue was 53.5% for the three months ended March 31, 2025, compared to 50.7% for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: $4,353,000 for the three months ended March 31, 2025, compared to $40,309,000 for the same period in 2024.
• Net Cash Used in Investing Activities: $959,000 for the three months ended March 31, 2025, compared to $716,000 for the same period in 2024.

Unique Metrics

• RevPAR (Revenue per Available Room): $139 for the three months ended March 31, 2025, compared to $123 for the same period in 2024, representing a 13.0% increase.
• ADR (Average Daily Rate): $167 for the three months ended March 31, 2025, compared to $163 for the same period in 2024, representing a 2.5% increase.
• Occupancy Rate: 83.0% for the three months ended March 31, 2025, compared to 75.9% for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focused on achieving sustainable positive Adjusted Free Cash Flow (Adjusted FCF) as soon as possible, with a significant improvement noted in the first quarter of 2025 compared to the same period in 2024.
• Non-Core Business: The company is implementing a portfolio optimization program to mitigate losses related to underperforming properties and assess the portfolio of rents relative to current operations and market rents.
• Priority: The company anticipates significant revenue opportunities and operating efficiencies from the Marriott Agreement, expecting substantial uplift in RevPAR and customer acquisition cost savings through improved distribution channel mix.