Pebblebrook Hotel Trust Unveils Q2 2013 Results
Friday July 26th, 2013 - 10:25AM XH
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
BETHESDA, MD—Pebblebrook Hotel Trust has reported results for Q2 2013. According to the company, it continues to experience healthy demand growth from the corporate and leisure transient segments, as well as from international inbound travel.
Same-Property RevPAR increased 6% over the same period of 2012, while same-property ADR grew 4.4%. Same-Property occupancy rose 1.5% to 86%. The properties generated $46.1 million of same-property EBITDA, climbing 8.8% compared to Q2 2012, while same-property revenues increased 5.6% and same-property expenses rose 4.2%. As a result, same-property EBITDA margin grew to 31.1% for the quarter, an increase of 93 basis points compared to Q2 2012. Adjusted EBITDA increased 30.2%.
Tags: • Hospitality • Ownership • Quarterly Results •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.