Investor Presentaiton
BUSINESS UPDATE
FINANCIAL SUMMARY & HIGHLIGHTS
OUTLOOK
The company is expecting to grow adjusted EBITDA by 12% at the midpoint
of the guidance, year-over-year and expects an additional 10% growth in 2024
FY 2023 Guidance
APPENDIX
2023 Revenue Sensitivities
Adj. EBITDA¹
Raised midpoint of guidance
upward by $2.5M
$530M - $540M
+12% +43%
vs. FY '22 vs. FY '19
RevPAR Growth²
approx. 2%
vs. FY '22
approx. 15%
vs. FY '19
1%
Increase in RevPAR
= $4.9M in royalties
1bps
Increase in effective royalty rate
= $1M in royalties
Effective Royalty Rate Growth³
mid-single digits
vs. FY '22
1%
Adj. Diluted EPS
$5.86-$6.01
+13%
vs. FY '22
Increase in unit growth in the
higher revenue segments4
= $4.5M in royalties
Unit Growth4
approx. 1%
vs. FY '22
1%
Increase in unit growth in
economy transient segment
= just under $400K in royalties
All figures include the impact of the Radisson Americas acquisition.
1. Net Income is expected to range between $251 million and $259 million for full-year 2023, assuming an effective tax rate of 24%.
2. For comparative purposes, domestic RevPAR baseline for full-year 2022 and 2019 is inclusive of the Radisson Americas acquisition.
3. For comparative purposes, the domestic effective royalty rate 4.93% baseline for full-year 2022 is inclusive of the Radisson Americas acquisition.
4. Represents the company's upscale, midscale, and extended-stay segments.
12View entire presentation