Ashford Hospitality Trust Expects Prelim Q1 2024 Occupancy ~67%; Average Daily Rate ~$191 Resulting In RevPAR Of ~$128, Down 1% YoY
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust reported its preliminary Q1 2024 occupancy rate at approximately 67%, with an average daily rate of around $191, leading to a Revenue per Available Room (RevPAR) of about $128. This represents a 1% decrease in RevPAR year-over-year.
April 08, 2024 | 8:25 pm
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Ashford Hospitality Trust's preliminary Q1 2024 report indicates a slight decrease in RevPAR by 1% YoY, with occupancy at ~67% and an average daily rate of $191.
The slight decrease in RevPAR year-over-year suggests a marginal underperformance in Ashford Hospitality Trust's operations. This could potentially lead to a negative short-term impact on the stock price as investors may view the decrease, even if small, as a sign of weakening revenue generation capability.
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