PEB - Pebblebrook Hotel Trust's August Same-Property RevPAR Dips 1% Due To Storms; Urban Markets Show Demand Recovery | Benzinga
Pebblebrook Hotel Trust (NYSE: PEB) said its Same-Property revenue per available room decreased (RevPAR) by 1% in August, owing to Tropical Storm Hilary and Hurricane Idalia, which caused over 200 bps of impact.
The company said these storms caused weather-related cancellations, early check-outs, reduced short-term pickup, and one-time repair/clean-up and remediation expenses.
As a result, Pebblebrook Hotel ...