$DRH

2 stories mentioning DRHUpdated 49d ago

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Pebblebrook, RLJ Lodging, Others Set for Q2 Upside on Strong Hotel Demand, BofA Says

Pebblebrook Hotel Trust (PEB), RLJ Lodging Trust (RLJ), DiamondRock Hospitality (DRH), and Apple Hospitality (APLE) are expected to benefit from stronger US hotel demand heading into Q2, supported by healthy RevPAR trends and World Cup-related demand, BofA Securities said in a note MondayThe firm said RevPAR during the quarter was up 5.7% year-over-year, driven by luxury hotels, urban/resorts, and weekday demand. The World Cup provided an additional boost, contributing an estimated 75 basis points to Q2 RevPAR growth, with the biggest benefit going to higher-end hotel chains."The gap between the high and low end in hotels actually widened through the quarter, though if the World Cup is the cause, the data will converge starting next week," the firm added.For lodging real estate investment trusts, the firm expects Q2 RevPAR growth of 4.7%, about 125 basis points above Street expectations. It also projects all lodging REITs to beat estimates, with potential for modest Q3 estimate increases.BofA raised price targets on Pebblebrook Hotel Trust to $16.50 from $14, RLJ Lodging Trust to $10.50 from $9.25, DiamondRock Hospitality to $13 from $12.50, and Apple Hospitality to $16 from $15.Price: $19.45, Change: $+0.44, Percent Change: +2.31%

$APLE$DRH$PEB$RLJ

US Markets52d ago

Lodging Sector Set For Second-Quarter Beats Amid US RevPAR Acceleration, Morgan Stanley Says

Most lodging companies are poised to report second-quarter results above Wall Street's projections, as growth in revenue per available room in the US likely accelerated sequentially, Morgan Stanley said in a Friday report.Year-over-year growth in US revPAR -- a key performance indicator in the hospitality industry -- is estimated to have picked up by more than 200 basis points to about 5.5% in the second quarter from the prior three-month period, Morgan Stanley said.US revPAR benefitted from the FIFA World Cup, which bolstered June, while the industry began lapping the "Liberation Day," when President Donald Trump imposed sweeping tariffs in April 2025, the brokerage said. "Accelerating US trends should outweigh weaker China and Middle East pressures, leading to upside in the (quarter)," Morgan Stanley said.The investment firm expects sector-wide upward revisions to full-year 2026 guidance.Morgan Stanley revised its price targets higher for several lodging companies ahead of the release of second-quarter results, including overweight-rated names such as Wyndham Hotels & Resorts (WH), Hyatt Hotels (H), and Travel & Leisure (TNL).Price targets moved to $93 from $89 for Wyndham, to $218 from $208 for Hyatt and to $83 from $78 for Travel & Leisure.The brokerage also raised its price targets on Hilton Worldwide (HLT), Marriott International (MAR), DiamondRock Hospitality (DRH), Pebblebrook Hotel Trust (PEB) and Park Hotels & Resort (PK), among others.Price: $12.49, Change: $+0.21, Percent Change: +1.67%

$DRH$H$HGV$HLT$MAR$PEB$PK$TNL$WH

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