BHR - Braemar Hotels & Resorts reports 43% growth in second quarter's RevPAR

• Braemar Hotels & Resorts ( NYSE: BHR ) reported Thursday that second quarter's occupancy is expected at 71%.
• Average daily rate for the quarter is estimated to ~$442 resulting in RevPAR of approximately $315, reflecting 43% growth year-over-year and 28% increased from 2019.
• "Our luxury resorts continue to benefit from the recent surge in leisure demand and soaring average daily rates, which put average RevPARs up 78% compared to 2019.  Additionally, our urban assets continue to see strong bookings, as corporate transient and corporate group demand rebounds. In fact, 13 of our 15 hotels delivered ADRs above the comparable period in 2019. We are very well-positioned and, looking ahead, remain excited about our opportunities to deliver continued growth," said Braemar's President and CEO Richard J. Stockton.

For further details see: