Page 3 - ZaZa Q12021 Owners Meeting_Neat

C A SE S TUD Y
CASE STUDY | 2021 vs. 2009 vs. 2008

DALLAS CONSOLIDATED Q1 2021 % POR PAR Q1 2009 % POR PAR VAR VAR % Q1 2008 % POR PAR VAR VAR %

Available Rooms 15,030 13,680 1,350 13,832 1,198

Occupied Rooms 6,292 10,652 (4,360) 11,325 (5,033)

Occupancy % 41.9% 77.9% -46.2% 81.9% -100.0%
Average Daily Rate 269.43 198.25 71.17 35.9% 237.79 31.63 13.3%
Revenue Per Available Room 112.79 154.37 (41.58) -26.9% 194.70 (81.91) -42.1%
Revenues
Rooms 1,695,236 66.0% 269.43 112.79 2,111,789 64.4% 198.25 154.37 (416,553) -19.7% 2,693,028 65.2% 237.79 194.70 (997,792) -37.1%
Food and Beverage 617,150 24.0% 98.08 41.06 731,383 22.3% 68.66 53.46 (114,233) -15.6% 983,599 23.8% 86.85 71.11 (366,449) -37.3%
Misc + Other 256,799 10.0% 40.81 17.09 436,117 13.3% 40.94 31.88 (179,318) -41.1% 452,168 11.0% 39.93 32.69 (195,369) -43.2%
Total Revenues 2,569,185 100.0% 408.33 170.94 3,279,289 100.0% 307.86 239.71 (710,104) -21.7% 4,128,795 100.0% 364.57 298.50 (1,559,610) -37.8%
Operating Expenses
Rooms 335,936 19.8% 53.39 22.35 563,621 26.7% 52.91 41.20 (227,685) -40.4% 622,821 23.1% 55.00 45.03 (286,885) -46.1%
Food and Beverage 467,457 75.7% 74.29 31.10 958,331 131.0% 89.97 70.05 (490,874) -51.2% 1,202,282 122.2% 106.16 86.92 (734,825) -61.1%
Other Operated Departments 75,298 29.3% 11.97 5.01 279,850 64.2% 26.27 20.46 (204,552) -73.1% 308,904 68.3% 27.28 22.33 (233,606) -75.6%
Total Operating Expenses 878,691 34.2% 139.65 58.46 1,801,802 54.9% 169.15 131.71 (923,111) -51.2% 2,134,007 51.7% 188.43 154.28 (1,255,316) -58.8%
Total Operating Profit 1,690,494 65.8% 268.67 112.47 1,477,487 45.1% 138.71 108.00 213,007 14.4% 1,994,788 48.3% 176.14 144.22 (304,294) -15.3%
Undistributed Expenses
Administrative & General 296,138 11.5% 47.07 19.70 386,534 11.8% 36.29 28.26 (90,396) -23.4% 491,090 11.9% 43.36 35.50 (194,952) -39.7%
Information and Telecommunication 106,119 4.1% 16.87 7.06 74,627 2.3% 7.01 5.46 31,492 42.2% 82,273 2.0% 7.26 5.95 23,846 29.0%
Sales and Marketing 142,655 5.6% 22.67 9.49 243,171 7.4% 22.83 17.78 (100,516) -41.3% 292,054 7.1% 25.79 21.11 (149,399) -51.2%
Property Operations and Maintenance 165,222 6.4% 26.26 10.99 150,895 4.6% 14.17 11.03 14,327 9.5% 154,075 3.7% 13.60 11.14 11,147 7.2%
Utilities 56,858 2.2% 9.04 3.78 86,967 2.7% 8.16 6.36 (30,109) -34.6% 92,715 2.2% 8.19 6.70 (35,857) -38.7%
Total Undistributed Expenses 766,992 29.9% 121.90 51.03 942,194 28.7% 88.45 68.87 (175,202) -18.6% 1,112,207 26.9% 98.21 80.41 (345,215) -31.0%
Gross Operating Profit 923,502 35.9% 146.77 61.44 535,293 16.3% 50.25 39.13 388,209 72.5% 882,581 21.4% 77.93 63.81 40,921 4.6%

HO TEL ZAZA + ZAZA HO SPIT ALITY | 20 21 MARCH YTD 3