Chatham Lodging Trust Reports Strong 5% RevPAR Growth Through May, Exceeding Expectations
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging Trust (NYSE:CLDT) reported a strong 5% RevPAR growth through May, exceeding its second quarter guidance of 2.5% to 4.0%. Key markets like Silicon Valley and Bellevue saw significant growth, with other strong markets including Cherry Creek, Dallas, Greater New York, San Antonio, and San Diego.
June 03, 2024 | 10:35 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Chatham Lodging Trust reported a 5% RevPAR growth through May, exceeding its second quarter guidance. Key markets like Silicon Valley and Bellevue saw significant growth.
The reported 5% RevPAR growth, which exceeds the company's guidance, is a positive indicator for Chatham Lodging Trust. This suggests strong operational performance and potential for increased investor confidence, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100