Braemar Hotels & Resorts Announces Preliminary RevPAR Results For Third Quarter 2021
Braemar Hotels & Resorts Inc. (BHR)
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm
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Source: PR Newswire
DALLAS, Oct. 5, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") reported today preliminary portfolio occupancy of 56.4% for the month of September with an average daily rate ("ADR") of approximately $333 resulting in RevPAR of approximately $188. This RevPAR reflects an approximate increase of 166.7% versus September 2020 and a decline of approximately 20.8% versus September 2019. The Company expects to report occupancy of 61.7% for the third quarter of 2021 with an ADR of approximately $357 resulting in RevPAR of approximately $220. This RevPAR reflects an approximate increase of 172.4% compared to the third quarter of 2020 and a decline of approximately 6.5% compared to the third quarter of 2019."September's results appear to have fallen somewhat short of our initial expectations due to market concerns about the COVID-19 Delta variant. However, daily cases appear to be declining and we are optimistic that the momentum we have experienced
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News
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BHR
Earnings
- 2/29/24 - Beat
BHR
Sec Filings
- 5/3/24 - Form DFRN14A
- 5/3/24 - Form DFAN14A
- 5/3/24 - Form DFAN14A
- BHR's page on the SEC website