Ashford Hospitality Trust Sees Preliminary Q2 Occupancy 75%; Average Daily Rate ~$191 Resulting In RevPAR ~$144 Up 7% YoY
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust has reported preliminary Q2 occupancy of 75%, with an average daily rate of approximately $191. The company's Revenue Per Available Room (RevPAR) is around $144, marking a 7% increase year-over-year.
July 19, 2023 | 8:38 pm
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POSITIVE IMPACT
Ashford Hospitality Trust's Q2 occupancy and RevPAR figures show a positive trend, which could potentially boost investor confidence and have a positive impact on the company's stock.
The increase in occupancy and RevPAR indicates a potential increase in revenues for Ashford Hospitality Trust. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100