First Quarter Performance Overview
Braemar Hotels & Resorts announced a significant increase in luxury hotel activity during the first quarter of 2026. The company reported that its portfolio experienced notable growth, with key metrics showing positive trends across its properties.
Key Financial Metrics
According to the report, Braemar’s revenue per available room (RevPAR) rose by 7.2% compared to the same period in the previous year. The average daily rate (ADR) increased by 5.9%, while occupancy levels reached 73.4%, up from 71.1% in the first quarter of 2025.
Portfolio Developments
During the quarter, Braemar completed renovations at several of its luxury hotels. The company highlighted upgrades at its Park Hyatt Beaver Creek and Ritz-Carlton St. Thomas locations, which are expected to enhance guest experiences and drive future revenue growth.
Management Commentary
Richard J. Stockton, Braemar’s Chief Executive Officer, stated, “Our first quarter results demonstrate the strength of our luxury hotel portfolio and our commitment to delivering exceptional guest experiences. We remain focused on strategic investments that support long-term value creation.”
Future Outlook
Braemar indicated plans to continue investing in property enhancements throughout the remainder of 2026. The company expects ongoing improvements to support sustained growth in occupancy and revenue metrics.
