RLJ Lodging Trust Q2 revenue beats estimates on urban leisure, business travel acceleration
RLJ•Outlook
- RLJ Lodging Trust raises FY 2026 outlook, citing strong Q2 and continued positive demand trends
- Company sees FY 2026 Comparable RevPAR growth of 3.5% to 4.5%
- RLJ Lodging Trust expects FY 2026 Adjusted FFO per diluted share of $1.37 to $1.50
Overview
- US hotel REIT's Q2 revenue rose 5.5%, beating analyst expectations
- Adjusted FFO per share for Q2 increased 8.3% year-over-year
- Company raised full-year outlook on continued demand and strong Q2 performance
Result Drivers
- Business travel and urban leisure - Co said Q2 results were driven by acceleration of business travel and robust urban leisure demand
- Out-of-room spend - Co said results benefitted from continued success in driving out-of-room spend
- Renovations and conversions - Co said successful ramp of recently completed renovations and conversions contributed to results
