North America
RLJ, Xenia, DiamondRock, and Chatham Report Earnings
Quarterly reports were mostly positive, but the week ended on a down note as hospitality stocks were down across the board.
Colwen Hotels
North America
Apple Hospitality and Xenia Hotels Beat Expectations
Apple Hospitality and Xenia Hotels were the next up to report earnings. APLE beat expectations and continues to be one of the few hotel REITs reporting EBITDA above 2019 levels.
XHR also beat expectations on a higher top line with RevPAR growth of 23.9%.
STR reported US lodging data for the week ended April 29. Year over year hotel RevPAR was up 5.6%.