Why did PLYA's earnings growth slow in mid-2024?

Playa Hotels & Resorts NV (PLYA) experienced a slowdown in earnings growth in mid-2024 due to several factors:

1. **Impact of Hurricane Barrel**: The effects of Hurricane Barrel continued to affect Playa's performance, with underlying owned resort EBITDA growth down approximately 15% for the total portfolio in Q4 2024. This natural disaster likely disrupted operations and led to additional costs, impacting the company's earnings.
2. **Issues in Jamaica**: There were issues in Jamaica, which could have contributed to a decline in performance. Such issues might include political instability, economic challenges, or competitive pressures. These factors can lead to a decrease in tourist activity and, consequently, revenue for the company's resorts in the region.
3. **Construction Disruptions**: Construction disruptions on the Pacific Coast posed notable hurdles. These disruptions could have delayed or interrupted projects, leading to additional costs and a potential loss of revenue due to delayed resort openings or operational inefficiencies.

In summary, Playa's earnings growth slowdown in mid-2024 was likely a result of a combination of factors including the impact of Hurricane Barrel, issues in Jamaica, and construction disruptions on the Pacific Coast.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|PLYA|PLYA.O|Playa|2024 Q1|3.00635E8|5.4341E7|185|
|PLYA|PLYA.O|Playa|2024 Q2|2.35475E8|1.317E7|185|
|PLYA|PLYA.O|Playa|2024 Q3|1.83517E8|-2734000|185|
|PLYA|PLYA.O|Playa|2024 Q4|2.18942E8|9036000|185|