Ashford Hospitality Trust Expects To Report Occupancy Of 66% For Q4 With Average Daily Rate Of $182 Resulting In RevPAR Of $120
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust anticipates reporting an occupancy rate of 66% for Q4, with an Average Daily Rate (ADR) of $182, leading to a Revenue Per Available Room (RevPAR) of $120.
January 09, 2024 | 10:07 pm
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POSITIVE IMPACT
Ashford Hospitality Trust is expected to report a Q4 occupancy rate of 66%, an ADR of $182, and a RevPAR of $120, indicating a potentially strong performance.
The reported figures suggest a robust quarter for Ashford Hospitality Trust. High occupancy and ADR typically indicate strong revenue performance, which is likely to be viewed positively by investors. This could lead to a short-term uptick in the stock price, assuming the market has not already priced in these expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100