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The Motley Fool fool.com 06 Aug, 2022 11:00 am

Apple Hospitality REIT (APLE) Q2 2022 Earnings Call Transcript

APLE earnings call for the period ending June 30, 2022.

Welcome to Apple Hospitality REIT second quarter 2022 earnings call.Welcome to Apple Hospitality REIT's second quarter 2022 earnings call.This morning, Justin Knight, our chief executive officer, and Liz Perkins, our chief financial officer will provide an overview of our results for the second quarter of 2022.Performance across our portfolio during the second quarter continued to exceed our expectations.

Second quarter RevPAR surpassed prepandemic highs, coming in at $119, up 40% compared to second quarter 2021 and up 4% compared to second quarter 2019.As a result, second quarter operations were significantly ahead of the same period last year with comparable hotels total revenue up more than 39% relative to the second quarter of 2021, we achieved comparable hotels adjusted hotel EBITDA of $137 million, up 46% to the same period of 2021 and up 4% for the same period of 2019.

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