DiamondRock Hospitality provided an update on preliminary results for November and December 2022, showing continued strong revenue growth compared to 2019. November comparable revenues grew 27.3% and 7.1% compared to 2021 and 2019, respectively. December comparable revenues grew 10.5% and 10.7% compared to 2021 and 2019. Preliminary fourth quarter comparable revenues increased 23.4% and 8.5%, compared to 2021 and 2019, respectively. Preliminary full year 2022 comparable revenues increased 56.3% and 6.2%, compared to 2021 and 2019, respectively. "DiamondRock’s portfolio set new records in 2022 with total owned revenue exceeding $1 billion for the first time in the company’s history," stated Mark Brugger, President and CEO of the company. "We saw continued strength in travel demand during the fourth quarter with room rates meaningfully exceeding pre-pandemic levels at both our urban and resort properties."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DRH:
