Pebblebrook Hotel Trust Says December Operating Results Exceeded Expectations. Same-property Hotel RevPar Increased By 7.1% YoY, And Non-room Revenue Rose 9.7% YoY
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel Trust reported that their December operating results surpassed expectations, with a 7.1% year-over-year increase in same-property Hotel RevPAR and a 9.7% rise in non-room revenue.
January 19, 2024 | 12:09 pm
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POSITIVE IMPACT
Pebblebrook Hotel Trust experienced better than expected operating results in December, with significant increases in both RevPAR and non-room revenue.
The positive operating results reported by Pebblebrook Hotel Trust, particularly the increases in RevPAR and non-room revenue, are likely to be viewed favorably by investors. This performance indicates a strong demand for the company's properties and could lead to an optimistic outlook for future earnings. As a result, there could be a short-term positive impact on PEB's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100