NEW YORK - Selina Hospitality PLC (NASDAQ: SLNA), a global hospitality brand targeting younger travelers, announced changes to its executive leadership. Gadi Hassin has been promoted to Chief Operating Officer, bringing his extensive experience from roles at Hyatt Hotels (NYSE:H) Corporation and The Ritz Carlton to oversee Selina's operational, commercial, and financial performance.
Rafael del Castillo joins as the company's first Chief Revenue Officer, tasked with boosting revenue, optimizing occupancy levels, and expanding the food and beverage segment. His background includes leadership roles at Valentin Hotel Group and market strategy for Marriott International (NASDAQ:MAR) Inc. in Mexico.
The new Chief People Officer, Emilo Gracia, formerly with the World Travel & Tourism Council, will manage human resources, aiming to strengthen the company's foundation for future growth.
Selina expressed gratitude to outgoing executives Lena Katz and Sam Khazary for their contributions. CEO Rafael Museri is confident in the leadership team's ability to innovate and succeed.
Selina Hospitality PLC caters to millennial and Gen Z travelers, offering accommodations, co-working spaces, and local experiences in 24 countries. The company's properties are designed in collaboration with local artists and creators.
This report is based on a press release statement.
InvestingPro Insights
Selina Hospitality PLC (NASDAQ: SLNA) is making strategic leadership changes amid a challenging financial landscape. The company's market capitalization stands at a modest $46.57 million, reflecting investor sentiment in the face of its operational hurdles. Notably, Selina's revenue has shown a significant increase over the last twelve months as of Q2 2023, with an impressive growth rate of 42.36%. However, this has not translated into profitability, with the company reporting a negative operating income margin of -27.27% in the same period.
InvestingPro Tips highlight that Selina is grappling with a significant debt burden and weak gross profit margins, which have contributed to its stock trading near its 52-week low. The stock is also characterized by high price volatility, which InvestingPro Tips suggest could be a concern for potential investors. Despite these challenges, the RSI indicator points to the stock being in oversold territory, hinting at a possible undervaluation by the market.
For those considering an investment in Selina, it's worth noting that the company does not pay dividends, emphasizing a focus on capital gains for shareholder value. With these insights, interested investors can further explore Selina's financial health and stock performance through InvestingPro, where an additional 15 InvestingPro Tips are available. For a deeper analysis, you can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
The company's next earnings date is set for April 26, 2024, which will be a critical moment for the market to assess the impact of the new executive team's strategies on Selina's financial trajectory.
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