Ashford Hospitality Trust, Inc. (NYSE: AHT) reported preliminary portfolio occupancy of 56% for the month of December 2021 with an average daily rate (ADR) of approximately $149 resulting in RevPAR of approximately $83.
This RevPAR reflects an approximate increase of 170% versus December 2020 and a decline of approximately 13% versus December 2019, which is the best monthly RevPAR result versus 2019 since early 2020. The Company expects to report occupancy of 60% for the fourth quarter of 2021 with an ADR of approximately $157 resulting in RevPAR of approximately $95. This RevPAR reflects an approximate increase of 164% compared to the fourth quarter of 2020 and a decline of approximately 21% compared to the fourth quarter of 2019, a significant improvement from the third quarter of 2021 when RevPAR was down 26% versus the same period in 2019.
"We continue to be encouraged by the positive momentum in our portfolio's operating performance and are pleased to report these improved preliminary RevPAR results for the fourth quarter of 2021," commented Rob Hays, Ashford Trust's President and Chief Executive Officer. "Looking ahead, we believe the industry is poised for a solid recovery in 2022 and our attractive hotel portfolio with its high exposure to transient leisure customers remains well-positioned to capitalize on that recovery."
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.