Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Q4 2022 Earnings Call Transcript

Now we can actually sell it based on demand and trying to optimize the earnings from those things. Same thing with the spa and others. So that’s the best way to optimize it. And when you have run out of additional things to sell, because as you said, it’s a fine line, you walk that you don’t want to have somebody feel like they’re nickel to dime when they show up at all inclusive. That’s what our counterparts do in other parts of the world in the U.S. that we don’t want to do. And then lastly, the other area where it can grow as a group has come back, and it is obviously fully back, but given the pacing numbers I gave you, it’s going to continue to grow. That is another area of upside for non-package spend, just purely because those groups are spending for events, space, big dinners on the beach, celebrations, and things like that.

Chris Woronka: Okay. Thanks, Ryan. And just sorry if I missed it, but on the Jewels on the sales, those are totally unencumbered of your management. Is that right of…

Ryan Hymel: They’re being sold unencumbered, but again, it will depend on who we sell it to and what the plan is, whether we can manage it or not. Obviously, in a perfect world, if we can hold on to management, we would do that. But it really just depends on the buyer, the price and the structure.

Chris Woronka: Okay. Got you. Very good. Thanks, guys.

Ryan Hymel: Thanks, Chris.

Bruce Wardinski: Thanks, Chris.

Operator: And ladies and gentlemen, with that, we’ll conclude today’s question-and-answer session. I’d like to turn the floor back over to Bruce Wardinski for any closing remarks.

Bruce Wardinski: Great. I think we’ve covered everything exhaustively on this call. So, thanks for everyone for participating today. And I hope everyone has a good weekend. Take care. Bye.

Operator: And ladies and gentlemen, the conference has now concluded. We thank you for attending today’s presentation. You may now disconnect your lines.