Ashford Hospitality Trust, Inc. (NYSE: AHT) reported today that the Company expects to report occupancy of approximately 68% for the fourth quarter of 2022 with an average daily rate of approximately $175 resulting in RevPAR of approximately $118. This RevPAR reflects an approximate increase of 25% compared to the fourth quarter of 2021 and a decrease of approximately 1% compared to the fourth quarter of 2019.
Additionally, for the month of December 2022, RevPAR was essentially unchanged versus December 2019. For the month of November 2022, RevPAR decreased approximately 2% versus November 2019. For the month of October 2022, RevPAR decreased approximately 1% versus October 2019.
"We're extremely pleased with Ashford Trust's solid fourth quarter operating results as we continued to benefit from increased demand and realized notable rate increases in many key markets during the quarter," commented Rob Hays, Ashford Trust's President and Chief Executive Officer. "As we look ahead to 2023, we believe that our high-quality, geographically diverse portfolio, with its high exposure to both transient leisure and business customers, remains well-positioned."
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.