Net sales rose by 2.2% to 4,853 MSEK (4,748), while organic growth was 0.8%. For comparable units, net sales fell by 1.6% due to negative calendar effects, as the Easter holiday fell in April this year. The underlying growth was positive excluding the calendar effects.
Year to date, the Baird/STR Hotel Stock Index is up 21.3%
Adjusted EBITDA for the second quarter was $3.7 million, as compared to $6.6 million in the second quarter of 2018.
xcluding hotels under renovation, Premium Branded hotels achieved 1.0% growth in RevPAR, 3.0% growth in revenue and 2.7% growth in Net Operating Income