Core Viewpoint - The consumer's determination to travel is driving a significant increase in global air passenger traffic, with a 15% year-over-year growth in the first half of 2025, particularly strong in Asia-Pacific and Europe [1][2]. Group 1: Travel Market Dynamics - Despite a nearly 10% decline in the U.S. dollar, which typically increases the cost of international travel, strong wage growth in the U.S. is offsetting this effect, leading to robust demand for travel [2]. - The combination of increased income and pent-up demand for previously inaccessible international destinations is fueling the travel market [2]. Group 2: Company-Specific Insights Booking Holdings - Booking Holdings Inc. (NASDAQ: BKNG) is trading at over $5,600 per share, with a 12-month stock price forecast of $5,388.37, indicating a potential downside of 5.84% [4]. - The company reported earnings exceeding expectations by nearly 30% in its most recent quarter, showcasing its pricing power and impressive 86% gross margins, driven by artificial intelligence [5]. - Booking's strongest periods are typically in the second and third quarters, supported by demand for travel to Asia Pacific and Europe [5]. Marriott International - Marriott International (NYSE: MAR) has a current stock price of $280.08, with a 12-month forecast of $275.90, suggesting a downside of 1.49% [7]. - The company reported a global RevPAR increase of approximately 4% in Q1 2025, with international RevPAR up more than 6%, particularly strong in Asia Pacific [8]. - Marriott's diverse brand portfolio and expansion into luxury and upscale properties allow it to target less price-sensitive consumers [9]. Royal Caribbean - Royal Caribbean Cruises Ltd. (NYSE: RCL) has a current stock price of $334.10, with a 12-month forecast of $280.40, indicating a downside of 16.07% [11]. - The cruise industry is experiencing a recovery, with Royal Caribbean's stock up over 106% in the last 12 months and more than 40% in 2025 [12]. - The company has significantly reduced its debt, refinancing approximately $3 billion in short-term debt and repaying about $2.1 billion in principal, resulting in a debt-to-equity ratio of 2.21, which is more than 60% lower than its 2022 peak [13].

WILLIAMSBURG, Va., July 02, 2025 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced the Company received a Notice of Default (the “Notice”) from the special servicer for its mortgage loan secured by the Georgian Terrace in Atlanta. The Notice states that the Company’s subsidiary, SOHO Atlanta LLC, is in default under the note and the loan documents by virtue of, among other things, its failure to pay all amounts when due thereunder, and that the current lender, Wilmingto ...

Hampton Inn & Suites – Austin Downtown FEBRUARY 2025 Investor Presentation Element – Miami Brickell Forward looking statements We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans, and objectives. When we use the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "inten ...

1st Quarter 2025 Earnings Update Four Seasons Scottsdale Forward Looking Statements and Non-GAAP Measures In keeping with the SEC's "Safe Harbor" guidelines, certain statements made during this presentation could be considered forward-looking and subject to certain risks and uncertainties that could cause results to differ materially from those projected. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to ...

Sotherly Hotels (SOHO) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Scott Kucinski - Executive VP & COOAnthony Domalski - VP & CFODavid Folsom - President & CEO Conference Call Participants Alexander Goldfarb - Managing Director & Senior Analyst Operator Good morning, all, and thank you for joining us for the Suverley Hotels Q1 twenty twenty five Conference Call and Webcast. My name is Carly, and I'll be coordinating the call today. I'd now like to hand over to our host, Scott Kukinsk ...

Sotherly Hotels (SOHO) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Speaker0 Good morning, all, and thank you for joining us for the Suverley Hotels Q1 twenty twenty five Conference Call and Webcast. My name is Carly, and I'll be coordinating the call today. I'd now like to hand over to our host, Scott Kukinski, Chief Operating Officer of Suvley Hotels. The floor is yours. Speaker1 Thank you, and good morning, everyone. If you've not received a copy of the earnings release, you may access it on our websit ...

Core Viewpoint - Sotherly Hotels Inc. reported strong financial results for Q1 2025, with significant increases in net income and total revenues compared to the same period in 2024, despite some challenges in the hotel industry. Financial Performance - Total revenues for Q1 2025 were approximately $48.3 million, up from approximately $46.5 million in Q1 2024, representing a growth of 3.8% [2][3] - Net income attributable to common stockholders increased from a loss of approximately $0.7 million in Q1 2024 to income of approximately $2.7 million in Q1 2025, a change of about $3.4 million [2][3] - EBITDA for Q1 2025 was approximately $15.0 million, compared to approximately $10.8 million in Q1 2024, marking a significant increase [2][3] Key Operating Metrics - RevPAR for the composite portfolio increased by 5.0% to $129.74 in Q1 2025 from $123.59 in Q1 2024, driven by a 3.9% increase in occupancy to 68.8% [2][3] - Hotel EBITDA rose to approximately $12.9 million in Q1 2025, up from approximately $12.4 million in Q1 2024, reflecting a 4.5% increase [2][3] Balance Sheet and Liquidity - As of March 31, 2025, the company had approximately $32.8 million in available cash, with $21.3 million reserved for various expenses [5] - The company had outstanding debt of approximately $317.6 million at a weighted average interest rate of 5.88% [5] 2025 Outlook - The company provided guidance for 2025, projecting total revenues between $183.4 million and $188.2 million, with a net loss attributable to common stockholders ranging from $8.7 million to $7.8 million [6] - The guidance reflects macroeconomic uncertainties and potential volatility in hotel demand [6] Preferred Dividends - The company announced quarterly cash dividends for its preferred stock series, with payments scheduled for June 16, 2025 [3]

Financial Data and Key Metrics Changes - The company announced a $25 million share buyback plan, indicating a strong position to enhance shareholder value after addressing $500 million of maturing debt [6][7] - The quarterly common dividend was increased by 29% to $0.09 per share, reflecting a yield of over 5% [7] - Q1 2025 hotel EBITDA was $20.8 million, adjusted EBITDA was $17.9 million, and adjusted FFO was $0.14 per share [24][25] - GOP margin was 38.9%, with a hotel EBITDA margin of 30.5%, showing a 30 basis point increase from Q1 2024 [24][25] Business Line Data and Key Metrics Changes - RevPAR growth was noted across the portfolio, with significant increases in technology-dependent markets, particularly an 8% growth in Silicon Valley hotels [14][15] - The average age of sold hotels was 25 years, with proceeds of approximately $83 million from the sale of five hotels [8][25] - RevPAR at leisure hotels declined only 1%, indicating resilience in that segment [19] Market Data and Key Metrics Changes - RevPAR in LA increased by 14%, with specific hotels benefiting from fire-related demand [16] - New York, Dallas, and DC markets saw at least a 6% increase in RevPAR [17] - Government-related room revenue constituted approximately 5% of the overall portfolio, with a shift towards leisure travelers noted [11][12] Company Strategy and Development Direction - The company is actively seeking external growth acquisitions, focusing on high-quality premium branded targets to diversify its portfolio [9] - The strategy includes opportunistically recycling assets to enhance shareholder value through either hotel acquisitions or share repurchases [8][9] - The company aims to reduce volatility in cash flow by diversifying its asset base beyond tech-heavy markets [59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future RevPAR growth despite current economic uncertainties, projecting flat RevPAR for the year [12][13] - The company noted that the current environment has resulted in lower new supply, which could support future growth [13] - Management highlighted strong demand trends and the ability to pivot sales efforts to capture leisure travel [11][12] Other Important Information - The company completed renovations at several hotels, with a CapEx budget of approximately $26 million for 2025 [22][23] - The company has successfully reduced leverage, with a net debt to LTM EBITDA ratio of 3.6x, significantly below historical levels [25] Q&A Session Summary Question: Insights on capital allocation initiatives regarding buybacks and acquisitions - Management is looking at both buybacks and acquisitions opportunistically, with a focus on achieving yields over 9% for acquisitions [29][30] Question: Update on potential development in Portland, Maine - The development process is ongoing, with careful consideration of costs and approvals due to tariff uncertainties [34][35] Question: Performance drivers for the Phoenix hotel - The Phoenix hotel has outperformed expectations due to strong management and market conditions, contributing to its top RevPAR ranking [36][39] Question: Impact of government demand and international travel exposure - Government demand is minimal, constituting less than 5% of the portfolio, and international travel exposure is also limited [54][55] Question: Guidance on RevPAR expectations for 2025 - The company anticipates flat RevPAR growth, with potential ADR growth offsetting occupancy changes [56][58] Question: Potential acquisition markets and asset types - The company is considering diversifying its asset base beyond current tech-heavy markets to reduce cash flow volatility [59]

Financial Data and Key Metrics Changes - The company announced a share buyback plan of $25 million, indicating a strong position to enhance shareholder value after addressing $500 million of maturing debt [6][7] - The quarterly common dividend was increased by 29% to $0.09 per share, reflecting a yield of over 5% [7] - Q1 2025 hotel EBITDA was $20.8 million, adjusted EBITDA was $17.9 million, and adjusted FFO was $0.14 per share [24][25] - GOP margin for Q1 was 38.9%, up 30 basis points from Q1 2024, driven by 3.8% RevPAR growth and effective expense control [24][25] Business Line Data and Key Metrics Changes - RevPAR growth was strong in six of the top seven markets, with Silicon Valley hotels seeing an 8% increase [14] - The average age of the five sold hotels was 25 years, sold at an approximate 6% capitalization rate on 2024 NOI levels [8] - RevPAR at leisure hotels declined only 1%, while tech hotels showed significant growth [19][20] Market Data and Key Metrics Changes - RevPAR in LA increased by 14%, with specific hotels benefiting from fire-related demand [15] - New York, Dallas, and DC markets saw at least 6% growth in RevPAR [16] - Government-related room revenue accounted for approximately 5% of the overall portfolio, indicating limited impact from government travel [11][12] Company Strategy and Development Direction - The company is focusing on high-quality premium branded targets for acquisitions to diversify its portfolio [9] - The share repurchase plan and potential acquisitions are viewed as tools to enhance shareholder value [6][9] - The company aims to reduce volatility in cash flow by diversifying its asset base beyond tech-heavy markets [57] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future demand despite current economic uncertainties, projecting flat RevPAR growth for the year [12][13] - The company noted that the current environment has resulted in lower new supply, which could support future RevPAR growth [13] - Management highlighted the importance of adjusting sales efforts to attract leisure travelers in response to declining government-related demand [11][12] Other Important Information - The company completed renovations at several hotels, with a CapEx budget of approximately $26 million for 2025 [22][23] - The company has successfully reduced leverage through the sale of older hotels, with a net debt to LTM EBITDA ratio of 3.6x [25][26] Q&A Session Summary Question: Insights on capital allocation initiatives regarding buybacks and acquisitions - Management is looking at both buybacks and acquisitions opportunistically, with a focus on enhancing shareholder value [29][30] Question: Update on potential development in Portland, Maine - The development process is ongoing, with careful consideration of costs and approvals before proceeding [32][34] Question: Performance drivers for the Phoenix hotel - The Phoenix hotel has outperformed expectations due to strong management and market conditions [35][36] Question: Impact of government demand and international travel exposure - Government demand is minimal, and international travel exposure is light, with strong overall performance in key markets [52][53] Question: Guidance on RevPAR expectations for 2025 - The company expects flat RevPAR growth, with potential ADR growth offsetting occupancy changes [54][56] Question: Potential acquisition opportunities and market targeting - The company aims to diversify its asset base and is open to acquisitions in new markets to reduce cash flow volatility [57]

Park Hotels & Resorts (PK) Q1 2025 Earnings Call May 05, 2025 10:00 AM ET Company Participants Floris van Dijkum - Managing DirectorIan Weissman - Senior Vice President of Corporate StrategyThomas Baltimore - Chairman, President & CEOSean Dell'Orto - Executive VP, CFO & TreasurerDavid Katz - Managing DirectorDuane Pfennigwerth - Senior Managing DirectorC. Patrick Scholes - Managing Director - Lodging & Leisure Equity ResearchSmedes Rose - DirectorJay Kornreich - VP - Equity ResearchRobin Farley - Managing D ...