Ashford Hospitality Trust, Inc. (NYSE: AHT) reported today that the Company expects to report occupancy of approximately 73% for the second quarter of 2022 with an average daily rate of approximately $184 resulting in RevPAR of approximately $135. This RevPAR reflects an approximate increase of 73% compared to the second quarter of 2021 and a decrease of approximately 6% compared to the second quarter of 2019.
Additionally, for the month of June 2022, preliminary portfolio occupancy was 75% with an ADR of approximately $186, resulting in RevPAR of approximately $139. This RevPAR result represents an approximate increase of 52% versus June 2021 and an approximate decrease of 5% versus June 2019.
"We are extremely pleased with Ashford Trust's improving second quarter results, as our high-quality, geographically diverse portfolio benefited from increased demand and notable rate increases in many key markets," commented Rob Hays, Ashford Trust's President and Chief Executive Officer. "Operationally, we're excited that June's performance was the best month we've had versus 2019 thus far and for the second quarter several of our largest markets, including properties in Los Angeles, Nashville, and Austin, are all above comparable 2019 levels. Looking ahead, we believe that our attractive hotel portfolio, with its high exposure to both transient leisure and business customers, remains well-positioned to capitalize on the continuing lodging industry recovery."
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.