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.
Budget season is quickly approaching and that means its time to start planning for 2020, if you havent already. Budgeting for the upcoming year can be a tedious process but is a crucial opportunity to reassess goals and look to the future.