Hotel turnover increased 72.0% year-over-year to RMB20.3 billion in the second quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries, hotel turnover increased 78.1% year-over-year in the second quarter of 2023.
Total revenue increased to approximately $49.0 million for the three months ended June 30, 2023 from approximately $47.2 million during the comparable period in 2022.
Operating revenues were $1.60 billion for the second quarter of 2023, an increase of $687.0 million from $908.8 million for the second quarter of 2022.
Net Rental Revenue Rose to $31.9 Million from $10.2 Million
Total revenues reached $427.4 million for second quarter 2023, a quarterly record and a 16% increase compared to the same period of 2022.
$15.2bn total gross revenue +29% vs 2022, +12% vs 2019
B2B revenue at $861 million was a record and was an increase of 32%, compared to 2022.
Comparable hotel Total RevPAR was $367.54 for the second quarter and $366.74 year-to-date, representing an increase of 3.8% and 16.9%, respectively, compared to the same periods in 2022.
System-Wide RevPAR Expanded 15% Generating Record Total Fee Revenue - Net Rooms Growth Increased to 6.9%
Comparable RevPAR for all hotels increased 6.7% to $144.25 during the quarter on a 3.8% increase in Comparable ADR and a 2.8% increase in Comparable Occupancy.
Comparable RevPAR for all hotels decreased 4.2% over the prior year quarter to $309. Comparable ADR decreased 5.2% over the prior year quarter to $436 and Comparable Occupancy increased 1.0% over the prior year quarter to 70.9%.
RevPAR Beats Industry Performance for Fifth Consecutive Quarter
GAAP net revenues of $2.9 billion versus $2.8 billion for the comparable prior-year period.
Second quarter 2023 comparable systemwide constant dollar RevPAR increased 13.5 percent worldwide, 6.0 percent in the U.S. & Canada, and 39.1 percent in international markets, compared to the 2022 second quarter
REVENUE AT INR 1,516 CRORES, UP 17% YoY
On a comparable basis, fee-related and other revenues increased 5% year-over-year primarily reflecting higher royalties and franchise fees resulting from global RevPAR and system growth.
Solid activity growth - Raised full-year guidance - Demand expected to remain strong for the coming months
System-wide comparable RevPAR increased 9.3 percent, on a currency neutral basis, for the second quarter compared to the same period in 2019
Ashford Hospitality Trust, Inc. (NYSE: AHT) reported today that the Company expects to report Occupancy of approximately 75% for the second quarter of 2023 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $144.
Net revenue was $2.54 billion, compared to $1.05 billion in the prior year quarter. Operating income was $537 million, compared to an operating loss of $147 million in the prior year quarter. Net income from continuing operations in the second quarter of 2023 was $368 million, compared to a net loss from continuing operations of $414 million in the second quarter of 2022.
Scandic delivered a strong second quarter with positive price development and RevPAR that reached a record 828 SEK compared with 749 SEK last year. Occupancy was in line with 2022 at 63 percent.
Choice Hotels International, Inc. (NYSE: CHH) today provided an update on its business, including the rapid integration of the Radisson Hotels Americas portfolio into its franchisee success system.
Q2 RevPAR at $131.16 a 5.0% increase over 2022
Net income attributable to Vail Resorts, Inc. was $325.0 million for the third fiscal quarter of 2023 compared to net income attributable to Vail Resorts, Inc. of $372.6 million in the same period in the prior year.
Update on Sale of DoubleTree Portfolio, and Beginning the Sale Process of the HIX Nashville Portfolio