Hersha Hospitality Trust Raises FY 2012 RevPAR Guidance; Comments on Q4 2012 RevPAR Guidance

Tuesday, 4 Dec 2012 07:00am EST 

Hersha Hospitality Trust announced that it has raised fiscal 2012 outlook based on increased expectations for growth in revenue per available room (RevPAR) for its total consolidated hotel and same store consolidated hotel portfolios for 2012. For the fourth quarter of 2012, RevPAR growth at the Company's total consolidated and same store consolidated hotel portfolio is trending ahead of the Company's prior outlook. The Company now expects total consolidated RevPAR growth of 7.0% to 8.0%, compared to prior range of 5.0%-6.5%. 

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31 Oct 2014