Hotel Financial News Page 4

Pebblebrook Hotel Trust Results

Pebblebrook Hotel Trust Provides Operating Update and Revises Its Q4 2022 and Full Year 2022 Outlook

While November’s Same-Property operating results significantly exceeded last year’s performance, they were below the previously provided outlook due to a negative impact from Hurricane Nicole and weaker business and leisure demand during the second half of the month, which may relate to new seasonal patterns around holidays due to hybrid work.

2022-12-22

Braemar Hotels Results

Braemar Hotels & Resorts Provides Q4 2022 Update

The Company reported today a preliminary estimated range of net income of approximately $0.5 million to $3.5 million and a preliminary estimated range of Adjusted EBITDAre of $36.0 million to $39.0 million.

2022-12-22

Vail Resorts Results

Vail Resorts Reports Fiscal 2023 First Quarter and Season Pass Results

Net loss attributable to Vail Resorts, Inc. was $137.0 million for the first quarter of fiscal 2023 compared to a net loss attributable to Vail Resorts, Inc. of $139.3 million in the same period in the prior year.

2022-12-12

Braemar Hotels Results

Braemar Hotels & Resorts Announces Preliminary Performance Results for November

Braemar Hotels & Resorts Inc. (NYSE: BHR) reported today preliminary portfolio occupancy of approximately 64% for the month of November 2022 with an average daily rate of approximately $394 resulting in RevPAR of approximately $253.

2022-12-06

H World Group Results

H World Group Limited Reports Third Quarter of 2022 Unaudited Financial Results

Hotel turnover increased 24.4% year-over-year to RMB15.2 billion in the third quarter of 2022.

2022-11-28

LuxUrban Hotels Results

LuxUrban Hotels Inc. Announces 2022 Third Quarter Financial Results

Record Quarterly Net Rental Revenue of $11.6 Million - Significant Increases in Gross Profit, RevPAR, and Occupancy Rates

2022-11-15

NexPoint Hospitality Trust Results

NexPoint Hospitality Trust Announces Third Quarter 2022 Financial Results

Provides Update on Sale of DoubleTree Portfolio, and Convertible Notes

2022-11-14

Wynn Resorts Results

Wynn Resorts Reports Third Quarter 2022 Results

Operating revenues were $889.7 million for the third quarter of 2022, a decrease of $104.9 million, from $994.6 million for the third quarter of 2021.

2022-11-10

LuxUrban Hotels Results

LuxUrban Hotels Inc. Provides Net Revenue and EBITDA Guidance for 2022 and 2023

Expects 2022 Net Revenue of $42 - $46 Million Expects 2023 Net Revenue of $100 - $110 Million

2022-11-09

Apple Hospitality REIT Results

Apple Hospitality REIT Reports Results of Operations for Third Quarter 2022

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%

2022-11-09

Chatham Lodging Trust Results

Chatham Lodging Trust Announces Third Quarter 2022 Results

Third Quarter RevPAR Surpasses 2019, Margin Growth Accelerates

2022-11-08

Sunstone Hotel Investors Results

Sunstone Hotel Investors Reports Results for Third Quarter 2022

Net income was $20.5 million as compared to a net loss of $22.1 million.

2022-11-08

Choice Hotels Results

Choice Hotels International Reports 2022 Third Quarter Results

hird quarter domestic RevPAR exceeded 2019 levels by 15.2%; new domestic franchise agreements awarded in the quarter increased 38% versus the same period of 2021

2022-11-07

Marriott International Results

Marriott International Reports Outstanding Third Quarter 2022 Results

Third quarter 2022 comparable systemwide constant dollar RevPAR increased 36.3 percent worldwide, 28.5 percent in the U.S. & Canada, and 66.1 percent in international markets, compared to the 2021 third quarter

2022-11-03

Host Hotels & Resorts Results

Host Hotels & Resorts, Inc. Reports Strong Third Quarter 2022 Operating Results

All Owned Hotel Total RevPAR was $306.11 and All Owned Hotel RevPAR was $192.06 in the third quarter, a 3.8% and 1.4% increase, respectively, over third quarter of 2019. Average room rates were 15.8% above third quarter 2019, driven by continued strong leisure demand, while also benefiting from growth in urban markets, driven by increased group and business travel.

2022-11-03

RLJ Lodging Trust Results

RLJ Lodging Trust Reports Third Quarter 2022 Results

Pro forma RevPAR of $137.09 for Q3, representing 94.5% of 2019 levels, an improvement from Q2 2022 RevPAR as percentage of 2019

2022-11-03

Hyatt Results

Hyatt Reports Third Quarter 2022 Results

Total Fee Revenue Exceeds 2019 by 50%; Raises Full Year Outlook for RevPAR and Net Rooms Growth

2022-11-03

Red Rock Resorts Results

Red Rock Resorts Announces Third Quarter 2022 Results

Net revenues were $414.4 million for the third quarter of 2022, effectively flat, from $414.8 million in the same period of 2021.

2022-10-31

Pebblebrook Hotel Trust Results

Pebblebrook Hotel Trust Reports Third Quarter 2022 Results

Reports Same-Property RevPAR up 45.9% vs. 2021 and 1.3% vs. 2019

2022-10-28

Scandic Results

Scandic Reports Best Quarter Ever For Q3 2022

Net sales rose by 60.5 percent to 5,994 MSEK (3,734), corresponding to an increase of 60.5 percent compared to the third quarter 2021.

2022-10-27

Wyndham Results

Wyndham Hotels & Resorts Reports Third Quarter 2022 Results

Company Raises Full-Year 2022 Outlook, Board Increases Share Repurchase Authorization by $400 Million, Company Grows System-Wide Rooms by 4% and Development Pipeline by 10%

2022-10-26

Hilton Results

Hilton Reports Third Quarter 2022 Results

For the three months ended September 30, 2022, system-wide comparable RevPAR increased 29.9 percent compared to the same period in 2021, due to increases in both occupancy and ADR, and fee revenues increased 33 percent. For comparison to pre-pandemic results, system-wide comparable RevPAR for the three months ended September 30, 2022 was up 5.0 percent compared to the same period in 2019.

2022-10-26

H World Group Results

H World Group Limited Announces Preliminary Results for Hotel Operations in the Third Quarter of 2022

For the Legacy-Huazhu business, RevPAR in Q3 2022 recovered to 90% of the 2019 level, thanks to pent-up leisure travelling demand in the summer holiday during July and August 2022, as well as gradual recovery of business travelling in late September 2022.

2022-10-25

IHG Results

IHG Reports Third Quarter 2022 Results

Q3 group RevPAR +28% vs 2021; +2.7% vs 2019, with Americas +6.8%, EMEAA (0.1)% and Greater China (20.0)%

2022-10-21

Las Vegas Sands Results

Las Vegas Sands Reports Third Quarter 2022 Results

Net revenue was $1.01 billion, compared to $857 million in the prior year quarter. Operating loss was $177 million, compared to $316 million in the prior year quarter. Net loss from continuing operations in the third quarter of 2022 was $380 million, compared to $594 million in the third quarter of 2021.

2022-10-20