Braemar Hotels & Resorts Announces Preliminary RevPAR Results For Second Quarter 2021

Braemar Hotels & Resorts Inc. (NYSE : BHR), reported today preliminary RevPAR for June 2021 at $211.43. This represents an increase of approximately 366% compared to June 2020 and a decrease of 15% compared to June 2019. Braemar Hotels & Resorts Inc. reported today preliminary RevPAR for June 2021 at $211.43. This represents an increase of 366% versus May 2020 and a decrease of 15% compared to June 2019. This compares with RevPAR $172.03 in May 2021. It represents an increase of 1,748% over May 2020, and a decrease of 25% versus June 2019. RevPAR $177.17 in April 2021 is an increase of 5,264% versus the April 2020, and a decline by 20% versus April 2019. RevPAR for all hotels within the portfolio will increase by approximately 871% compared with the second quarter 2020 and decrease by approximately 20% compared with the second quarter 2019. Richard J. Stockton (Braemar's President & Chief Executive Officer) stated that "We are pleased with the recovery trends at our hotels driven primarily by strong leisure demand for our luxury resort properties." Comparable RevPAR for all hotels rose $186.72 in the fourth quarter, based upon ADR of $379.73 & 49.2% occupancy. We are optimistic about the future, as new bookings have been strong, we believe Braemar will continue to execute its disciplined growth strategy. Braemar Hotels & Resorts (REIT) is a real-estate investment trust (REIT), that focuses on luxury resorts and hotels. Daily News Delivery Subscribe to your colleagues and keep up-to-date on the latest trends and news in the Hotel industry. Subscribe 2021 Hotel News Resource

0 Comments

Post a comment

Your email address will not be published. Required fields are marked *

0 comments