Wednesday, May 3, 2023
North America

Apple Hospitality and Xenia Hotels Beat Expectations

  • Apple Hospitality and Xenia Hotels were the next up to report earnings. APLE beat expectations and continues to be one of the few hotel REITs reporting EBITDA above 2019 levels.
  • XHR also beat expectations on a higher top line with RevPAR growth of 23.9%.
  • STR reported US lodging data for the week ended April 29. Year over year hotel RevPAR was up 5.6%.

The DJIA fell 270 points while Nasdaq was down 55, the S&P 500 fell 29 points and the 10-year treasury yield was down .04 to 3.40%. Things were going ok until the Fed Chief held his conference call after raising rates again. The same thing happened that has happened nearly every one of his conference calls the past year or so. AHT was […]

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In Today's Issue - North America

Companies

Anantara Hotels, Resorts & Spas, Apple Hospitality REIT, Ashford Hospitality Trust, Autograph Collection, Cambria Hotels, Choice Hotels International, Coastal Hospitality Associates, Colwen Hotels, Courtyard by Marriott, Cronheim Hotel Capital, Field Station, First Hospitality, Hilton Hotels & Resorts, Holiday Inn Express, Home2 Suites by Hilton, HOS Management, IHG Hotels & Resorts, La Quinta, Leading Hotels of the World, Magnuson Hotels, Marriott International, Minor Hotels, Palladius Capital, Paramount Lodging, Peachtree Hospitality Development, Plasencia Group, Red Lion Inn & Suites, Rotana, Rotana Hotels & Resorts, Selina, Sonesta International Hotels Corporation, Tapestry Collection by Hilton, Tempo by Hilton, Wyndham Hotels & Resorts, Xenia Hotels & Resorts

Locations

Cleveland, Colorado, Detroit, Dublin, England, Florida, Indiana, Missouri, Nebraska, North Carolina, Oregon, Texas, Utah, Vermont, Virginia Beach