BOCA RATON, FL- Boca Resorts, an owner of luxury resorts and entertainment and sports businesses, reported that its net loss for the three months ended September 30, 2000, was $27.6 million, or $0.68 per share, and was $0.08 better than 3Q 1999.
The companys quarterly revenue is historically lowest during the first fiscal quarter because of the lower summer demand for its Florida resorts.
RevPAR for the three months ended September 30 rose 9.7% over the prior year period driven by increases in average daily rates and occupancy. Total revenue per available room (which includes revenue generated from non-room sources such as food and beverage sales, yachting and marina revenue, golf, club memberships and retail sales) increased 12% over 1999 third quarter figures. (11/1/00)