Group revenue for December 2015 vs. December 2014.
Thunderbird Resorts Inc. - Group-wide sales results by country - (unaudited, in millions) (1) | December 2015 | December 2014 | Year-over-year increase/(decrease) |
Peru(2) | $2.19 | $2.48 | -11.69% |
Nicaragua | 1.37 | 1.21 | 13.22% |
Total Consolidated Operating Revenues | $3.56 | $3.69 | -3.52% |
1 Revenues reported are based on monthly average exchange rates, are same store and are in USD millions.
2 Revenues are generated primarily from gaming, and secondarily from our fully-owned Fiesta Hotel and from 2 hotels under management.
Important Note on Forex: The strengthening of the US dollar versus our operating currencies continues to have a material impact on our business as compared to the same period in 2014. Under a currency neutral analysis (in which the same exchange rate would be applied to both periods), Group revenue would have grown by $200 thousand or 5.95%; Peru revenue would have reduced by just $20 thousand or -0.90%; and Nicaragua revenue would have grown by $220 thousand or 19.13%.
Group revenue segmentation for December 2015 vs. December 2014.
Thunderbird Resorts Inc. issued this content on 2016-01-14 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-14 18:54:04 UTC
Original Document: http://thunderbirdresorts.com/wp-content/uploads/2016/01/December-2015-Revenue-Report-Analysis.pdf