Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Second quarter RevPAR growth of 5.6% was driven entirely by average daily rate (ADR) as occupancy remained flat year-over-year.
Management attributed the modest 3.3% Total RevPAR growth to a shift in business mix, where transient demand filled gaps left by large FIFA World Cup room block releases, resulting in lower out-of-room spend.
The portfolio saw broad-based strength across markets, with Philadelphia and Salt Lake City leading growth, while the Grand Hyatt Scottsdale continues to track favorably toward stabilization.
Margin compression of 65 basis points was primarily caused by the lapping of a $1.5 million real estate tax refund from 2025 and startup costs for new food and beverage outlets at W Nashville.
#Growth #room #tell #fifa
Second quarter RevPAR growth of 5.6% was driven entirely by average daily rate (ADR) as occupancy remained flat year-over-year.
Management attributed the modest 3.3% Total RevPAR growth to a shift in business mix, where transient demand filled gaps left by large FIFA World Cup room block releases, resulting in lower out-of-room spend.
The portfolio saw broad-based strength across markets, with Philadelphia and Salt Lake City leading growth, while the Grand Hyatt Scottsdale continues to track favorably toward stabilization.
Margin compression of 65 basis points was primarily caused by the lapping of a $1.5 million real estate tax refund from 2025 and startup costs for new food and beverage outlets at W Nashville.
#Growth #room #tell #fifa
2 months ago
