By Dean Seal
Apple Hospitality REIT warned investors on Monday that heightened macroeconomic uncertainty is hurting travel demand.
The hotel owner gave the warning in an investor presentation that said revenue per available room was down slightly in the first quarter.
Weather-related travel disruptions hurt results in January and February, and a pullback in government travel weighed on a number of markets in March, the company said. Government travel has fallen after the Trump administration's cuts in jobs and federal spending.
The Richmond, Va., real estate investment trust, whose portfolio includes 97 Marriott-branded hotels, 117 Hilton-branded hotels and five Hyatt-branded hotels, said overall occupancy remained strong on an absolute basis with growth in average daily rates.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 07, 2025 09:56 ET (13:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。