Benzinga | Jul 6, 2021 08:04AM EDT

Ashford Trust Reports Prelim. RevPAR Of ~$91.27 For Jun. 2021, Down 37% From 2019, Up 256% YoY

Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") reported today preliminary RevPAR of approximately $91.27 for June 2021, representing an approximate increase of 256% versus June 2020 and a decline of 37% versus June 2019. This compares to RevPAR of $75.66 for May 2021, representing an approximate increase of 414% versus May 2020 and a decline of 47% versus May 2019, and RevPAR of $67.52 for April 2021, representing an approximate increase of 624% versus April 2020 and a decline of 53% versus April 2019. The Company expects to report RevPAR for all hotels in the portfolio increased approximately 372% for the second quarter of 2021 compared to the second quarter of 2020, and decreased approximately 46% compared to the second quarter of 2019.

"I am pleased to report these improved preliminary RevPAR results for the second quarter which are driven by pent-up leisure demand," commented Rob Hays, Ashford Trust's President and Chief Executive Officer. "We continue to be pleased with the recovery trends we are seeing at our hotels, and with our geographically diverse portfolio with high exposure to transient leisure customers, we believe we are well positioned to capitalize on this recovery."

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

Follow CEO Rob Hays on Twitter at https://twitter.com/aht_rob or @aht_rob.