Financial

Braemar Hotels & Resorts Inc. (NYSE: BHR) reported today preliminary portfolio occupancy of 59.2% for the month of August with an average daily rate (ADR) of approximately $345.88 resulting in RevPAR of approximately $204.69. This RevPAR result represents an approximate increase of 149% versus August 2020 and an approximate decrease of 12% versus August 2019.

Ashford Hospitality Trust, Inc. (NYSE: AHT) 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.

Based on current booking trends, Scandic expects occupancy to reach at least 50 percent in September.

The Baird/STR Hotel Stock Index dipped 3.4% in August to a level of 4,911. Year to date through the first eight months of 2021, the stock index was up 7.4%.

Airbnb revenue climbed 300% year-over-year for the second quarter of 2021 and surpassed Q2 2019 figures by 10%.

Net Loss Attributable to Common Shareholders was ($9.9) million or ($0.82) per diluted share in the second quarter 2021 compared to ($6.3) million or ($0.53) per diluted share for the same period in 2020.

Q2 2021 diluted FFO per unit of $0.14; increasing from ($0.03) per unit in Q1 2021 – Q2 2021 Occupancy of 70.0% vs 60.2% in Q1 2021; Q2 2021 RevPAR of $76.53 vs $57.01 in Q1 2021

IHG Reports Interim Results to 30 June 2021

The Company achieved Adjusted Hotel EBITDA of approximately $95 million and MFFO of approximately $68 million for the second quarter of 2021.

Awarded 111 new domestic franchise agreements in the quarter, a nearly 20% increase from the same period of 2020; second quarter domestic RevPAR 1.1% below 2019 levels, with June RevPAR increasing 4.5% versus 2019