Braemar Hotels & Resorts Inc. (NYSE: BHR) reported today preliminary RevPAR of approximately $211.43 for June 2021, representing an approximate increase of 366% versus June 2020 and a decline of 15% versus June 2019. This compares to RevPAR of $172.03 for May 2021, representing an approximate increase of 1,748% versus May 2020 and a decline of 25% versus May 2019, and RevPAR of $177.17 for April 2021, representing an approximate increase of 5,264% versus April 2020 and a decline of 20% versus April 2019. The Company expects to report RevPAR for all hotels in the portfolio increased approximately 871% for the second quarter of 2021 compared to the second quarter of 2020, and decreased approximately 20% compared to the second quarter of 2019.
“We continue to be pleased with the recovery trends we are seeing at our hotels driven by strong leisure demand at our luxury resort properties,” said Richard J. Stockton, Braemar’s President and Chief Executive Officer. “Comparable RevPAR for all hotels increased $186.72 during the quarter, based on ADR of $379.73 and 49.2% Occupancy. Looking ahead, new bookings have been strong and we believe Braemar is well-positioned to continue to execute on its disciplined strategy for growth.”
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.