Ashford Hospitality Trust(US:AHT) Prnewswireยท2025-01-13 13:00Core Insights - Ashford Hospitality Trust expects an occupancy rate of approximately 66% for Q4 2024, with an Average Daily Rate (ADR) of about $190, leading to a Revenue Per Available Room (RevPAR) of approximately $126, reflecting a 3.0% increase compared to Q4 2023 [1] - The company reported a 4.4% increase in total hotel revenue for Q4 2024 and a 6.9% increase in December 2024 [3] Revenue Performance - For October 2024, Comparable RevPAR increased by approximately 4.5% compared to October 2023 [2] - For November 2024, Comparable RevPAR saw a modest increase of approximately 0.4% versus November 2023 [2] - December 2024 recorded a Comparable RevPAR increase of approximately 3.8% compared to December 2023 [2] Strategic Initiatives - The company is focusing on growing ancillary revenue streams through the GRO AHT initiative, which is already yielding impressive results [3] - The company plans to close its offering of Series J and Series K non-traded preferred stock on March 31, 2025, having raised approximately $185 million since the launch in 2022 [3]