AHT
Ashford Hospitality Trust Inc
Ashford Hospitality Trust Inc
$AHT Reports 30% Increase in Comparable RevPAR for Q1 2023, with 40% of Hotels Expected to be Out of Cash Traps Following Strong Performance
Ashford Hospitality Trust Inc. is expected to report a 68% occupancy rate and an average daily rate of $184, resulting in a RevPAR of $125 in Q1 2023. Compared to the same quarter in 2022, this represents a 30% increase. The company plans to have 40% of its hotels out of cash traps after Q1, generating 70% of its Hotel EBITDA in 2022. While the company's President and CEO expressed confidence in its progress, investors should be cautious due to uncertainties in the forward-looking statements.
5mo ago
$AHT