Ashford Hospitality reports Q3 occupancy at about 72%

Ashford Hospitality Trust “reported that the Company expects to report Occupancy of approximately 72% for the third quarter of 2023 with Average Daily Rate of approximately $182 resulting in RevPAR of approximately $132. This Comparable RevPAR reflects an approximate increase of 4% compared to the third quarter of 2022. Additionally, for the month of July 2023, Comparable RevPAR increased approximately 3% versus July 2022. For the month of August 2023, Comparable RevPAR increased approximately 5% versus August 2022. For the month of September 2023, Comparable RevPAR increased approximately 4% versus September 2022.”