All Chatham hotels have remained open throughout the pandemic. For the 39 comparable hotels owned as of December 31, 2020, RevPAR declined 60 percent to $47, compared to the 2019 fourth quarter. Average daily rate (ADR) decreased 34 percent to $104, and occupancy dropped 40 percent to 45 percent.
Portfolio Revenue per Available Room (RevPAR) – Declined 77 percent to $33, compared to the 2019 second quarter. Average daily rate (ADR) decreased 43 percent to $98, and occupancy dropped 59 percent to 34 percent.
Portfolio Revenue per Available Room (RevPAR) – Declined 21.8 percent to $96, compared to the 2019 first quarter. Average daily rate (ADR) decreased 5.2 percent to $153, and occupancy dropped 17.5 percent to 63 percent.
Net Income - Declined $4.0 million to $9.5 million, compared to the 2018 second quarter, driven by the loss on the sale of two hotels of $3.3 million. Net income per diluted share was $0.20 versus $0.29 for the same period a year earlier.
Company Beats AFFO Guidance, RevPAR In-Line, Raises 2019 Guidance
Beats AFFO Guidance, Introduces 2019 Guidance
RevPAR Growth Stronger than Expected, 2018 Guidance Mid-Point Raised
Portfolio Revenue per Available Room (RevPAR) - Increased 0.8 percent to $143, compared to the 2017 second quarter, for Chatham’s 40, wholly owned hotels. Average daily rate (ADR) improved 0.6 percent to $172, and occupancy also rose 0.2 percent to 83 percent.
Delivers RevPAR at Upper End of Guidance Range, Beats Consensus FFO Per Share
Fourth Quarter 2017 Key Metrics - Portfolio Revenue per Available Room (RevPAR) - Increased 1.1 percent, slightly above guidance, to $120, compared to the 2016 fourth quarter, for Chatham’s 40, wholly owned hotels. Average daily rate (ADR) improved 0.8 percent to $159, and occupancy grew 0.4 percent to 75.3 percent.