DRH - DiamondRock Hospitality prelim Q4 comparable revenue up 23% on strong travel demand

• DiamondRock Hospitality ( NYSE: DRH ) on Wednesday reported preliminary Q4 comparable revenue grew 23.4% Y/Y and 8.5% from 2019.
• November comparable revenue increased 27.3% Y/Y and 7.1% from 2019, while December comparable revenue rose 10.5% Y/Y and 10.7% from 2019.
• "DiamondRock's ( DRH ) portfolio set new records in 2022 with total owned revenue exceeding $1B for the first time in the company's history," said CEO Mark Brugger.  "We saw continued strength in travel demand during Q4 with room rates meaningfully exceeding pre-pandemic levels at both our urban and resort properties."
• The REIT reported preliminary 2022 comparable revenue growth of 56.3% Y/Y and 6.2% from 2019.
• SA Quant cautions investors that DiamondRock ( DRH ) is at high risk of performing badly .

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