Benzinga | Sep 15, 2021 04:18PM EDT

Ashford Hospitality Trust Aug. RevPAR $94.16, Hotel Net Income $900K

Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") reported today preliminary portfolio occupancy of 61.3% for the month of August with an average daily rate ("ADR") of approximately $153.69 resulting in RevPAR of approximately $94.16. This RevPAR result represents an approximate decrease of 11% versus July 2021 and an approximate decrease of 27% versus August 2019.

Additionally, for the month of August, Hotel Net Income was $0.9 million. Comparable Hotel EBITDA for the month of August was $18.6 million, a 30% decrease over July's Comparable Hotel EBITDA of $26.4 million and a 44% decrease over August 2019's Comparable Hotel EBITDA of $33.3 million.