Pebblebrook's (PEB) Same-Property Revenues Improve in July

Pebblebrook Hotel Trust (PEB) witnessed same-property total revenues growth of 1.7% in July on a yearover-year basis. Per its recently released update, this was driven by a 4.3% rise in non-room revenue. The company noted that for the overall portfolio, same-property revenue per available room ("RevPAR") exhibited a year-over-year increase of 0.3%, mainly driven by a 3.1% rise in occupancy. However, a 2.8% decrease in average daily rate ("ADR") hurt RevPAR to some extent. Management expects July to be the s ...