Loading...
•
Jun 30, 2021
Summit Hotel Properties Q2 2021 Earnings Report
Hotel demand and average daily rate improved, RevPAR grew, and corporate profitability was achieved.
Key Takeaways
Summit Hotel Properties reported improved hotel demand and average daily rate during the second quarter of 2021, with RevPAR growing nearly 50% from the first quarter. The company achieved corporate profitability and completed the acquisition of Residence Inn by Marriott Steamboat Springs.
Hotel demand and average daily rate steadily improved during the second quarter.
RevPAR grew nearly 50% from the first quarter.
Corporate profitability milestone was reached for the second quarter.
Acquisition of Residence Inn by Marriott Steamboat Springs was completed in July.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...