The Company achieved Comparable Hotels Adjusted Hotel EBITDA of approximately $107 million, a 21% improvement over first quarter 2022 and a 4% improvement over first quarter 2019.
For the third quarter 2022, as compared to the third quarter 2019, the Company's portfolio achieved an improvement in RevPAR of approximately 8%, despite lower occupancy, with ADR growth of approximately 13% and a decline in occupancy of approximately 5%
For the Company’s portfolio, second quarter 2022 RevPAR surpassed second quarter 2019 by approximately 4%, driven by an improvement in ADR of approximately 8% as compared to second quarter 2019.
The Company achieved Comparable Hotels Adjusted Hotel EBITDA of approximately $88 million, Comparable Hotels Adjusted Hotel EBITDA Margin of approximately 34% and MFFO of approximately $63 million for the first quarter 2022, despite lower occupancies in January and February
Apple Hospitality REIT Reports Results of Operations for Fourth Quarter and Full Year 2021
During the third quarter of 2021, the Company produced its strongest quarterly operational results since the beginning of the pandemic with occupancy, ADR and RevPAR approaching 2019 levels and exceeding industry averages as reported by STR.
The Company achieved Adjusted Hotel EBITDA of approximately $95 million and MFFO of approximately $68 million for the second quarter of 2021.
Occupancy, ADR and RevPAR for the Company’s portfolio sequentially improved each month during the first quarter of 2021, driven by a wide variety of demand generators including leisure, government, health care, construction, disaster recovery, insurance, athletics, education, and local and regional business-related travel.
Occupancy and RevPAR for the Company’s portfolio sequentially improved from the lowest levels of approximately 18% and $18 in April 2020 to approximately 54% and $55 in October 2020, driven by a wide variety of demand generators including leisure, government, health care, construction, disaster recovery, insurance, athletics, education, and local and regional business-related travel.
Occupancy and RevPAR for the Company’s portfolio have sequentially improved since April 2020, with average occupancy reaching approximately 52% for the month of September 2020 and approximately 53% for the month of October 2020.