Record First Quarter Revenue and Growth
Consolidated revenue increased by 11% year-over-year, with adjusted EBITDAre up 15% and AFFO per share up 28%. Hospitality segment saw record first quarter revenue with RevPAR and total RevPAR growth of 10% and 9%, respectively.
Entertainment Segment Performance
Entertainment segment revenue grew by 34% year-over-year, with adjusted EBITDAre increasing by 35%, both setting first quarter records.
Strong Forward Bookings
Gross group room nights booked for future years increased by 10% year-over-year, with 2026 and 2027 bookings up 13% and 35%, respectively.
Proactive Cost Management
Implemented $28-$30 million in profit improvement plans to manage cost structure effectively, leading to improved wage margin by 40 basis points.