Ashford Hospitality Trust, Inc. (NYSE: AHT) reported today that the Company expects to report occupancy of approximately 58% for the first quarter of 2022 with an average daily rate of approximately $166 resulting in RevPAR of approximately $97. This RevPAR reflects an approximate increase of 103% compared to the first quarter of 2021 and a decrease of approximately 23% compared to the first quarter of 2019.
Additionally, for the month of January 2022, RevPAR decreased approximately 36% versus January 2019. For the month of February 2022, RevPAR decreased approximately 25% versus February 2019. For the month of March 2022, RevPAR decreased approximately 13% versus March 2019.
"We continue to be encouraged by the positive momentum in our portfolio and are pleased to report these improved preliminary RevPAR results for the 2022 first quarter," commented Rob Hays, Ashford Trust's President and Chief Executive Officer. "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.