Ashford Hospitality sees Q4 occupancy 66%

Ashford Hospitality Trust reported that the Company expects to report Occupancy of approximately 66% for the Q4 with Average Daily Rate of approximately $182 resulting in RevPAR of approximately $120. This Comparable RevPAR reflects an approximate increase of 1% compared to the Q4 of 2022. Additionally, for the month of October 2023, Comparable RevPAR increased approximately 4% versus October 2022. For the month of November 2023, Comparable RevPAR increased approximately 1% versus November 2022. For the month of December 2023, Comparable RevPAR decreased approximately 1% versus December 2022. “We are pleased with our performance for the 2023 Q4”, commented Rob Hays, Ashford Trust’s President and CEO. “We continue to benefit from increased corporate and group demand, and our high-quality, geographically diverse portfolio, remains well-positioned to outperform.”