Braemar Hotels reports Oct RevPAR $280 (+25% YoY, +14% vs 2019); Nov RevPAR $253 (+5% YoY, +15% vs 2019)

Braemar Hotels & Resorts Inc.

October 2022: occupancy 73%, ADR $382, RevPAR $280 — up 25% vs Oct 2021 and 14% vs Oct 2019.
November 2022: occupancy 64%, ADR $394, RevPAR $253 — up 5% vs Nov 2021 and 15% vs Nov 2019.
CEO notes RevPAR exceeded 2019 peak for both months, expects occupancy to rise toward pre-pandemic levels.
Data is preliminary for 15 hotels owned as of Nov 30, 2022, assuming ownership since 2019.

item 2.02 item 8.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Braemar Hotels & Resorts Inc. reported preliminary financial results for month of November 2022.

Period: month of November 2022
Result: preliminary results

Exact text from the filing

reported today preliminary portfolio occupancy of approximately 64% for the month of November 2022 with an average daily rate (“ADR”) of approximately $394 resulting in RevPAR of approximately $253.

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Source: SEC EDGAR

accession 0001574085-22-000141

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