Early October U.S. Hotel RevPAR Up 13% Over Same Period 2019
Skift Take
- The DJIA fell 28 points, Nasdaq was down 9, the S&P 500 fell 12 points and the 10-year treasury yield was down .04 to 3.90%.
- Braemar Hotels & Resorts Inc. reported the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $403 resulting in RevPAR of approximately $288.
- Ashford Hospitality Trust, Inc. announced the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $179 resulting in RevPAR of approximately $127.
The DJIA fell 28 points, Nasdaq was down 9, the S&P 500 fell 12 points and the 10-year treasury yield was down .04 to 3.90%. Lodging stocks were mixed. SOND was up 12%, MCG was up 7% and AHT and ABNB both rose 5% on the day.
Braemar Hotels & Resorts Inc. reported the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $403 resulting in RevPAR of approximately $288. This RevPAR reflects an approximate increase of 19% compared to the third quarter of 2021 and an approximate increase of 19% compared to the third quarter of 2019.
Ashford Hospitality Trust, Inc. announced the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $179 resulting in RevPAR of approximately $127. The RevPAR reflects an approximate increase of 29% compared to the third quarter of 2021 and a decrease of approximately 4
