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Summit Hotel Properties (Summit Hotel Properties) Revenue per Available Room (USD) : 114.05 (As of Dec. 2023)


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What is Summit Hotel Properties Revenue per Available Room (USD)?

Revenue per Available Room (USD), RevPAR, is a metric used in the hotel hospitality industry to measure hotel performance.

Summit Hotel Properties's Revenue per Available Room (USD) for the quarter that ended in Dec. 2023 was 114.05 , which lower from pervious quarter (Sep. 2023)'s result by 2.45%.

Summit Hotel Properties's Revenue per Available Room (USD) for the annual that ended in Dec. 2023 was 118.81 , which higher from pervious year (Dec. 2022)'s result by 7.56%.

The historical rank and industry rank for Summit Hotel Properties's Revenue per Available Room (USD) or its related term are showing as below:

INN's Revenue per Available Room (USD) is not ranked *
in the REITs industry.
Industry Median:
* Ranked among companies with meaningful Revenue per Available Room (USD) only.

Summit Hotel Properties Revenue per Available Room (USD) Historical Data

The historical data trend for Summit Hotel Properties's Revenue per Available Room (USD) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Summit Hotel Properties Revenue per Available Room (USD) Chart

Summit Hotel Properties Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Revenue per Available Room (USD)
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Average Daily Rate (USD)
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Summit Hotel PropertiesQuarterly Data
Trend Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Revenue per Available Room (USD)
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Average Daily Rate (USD)
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Competitive Comparison of Summit Hotel Properties's Revenue per Available Room (USD)

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's Revenue per Available Room (USD), along with its competitors' market caps and Revenue per Available Room (USD) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Summit Hotel Properties  (NYSE:INN) Revenue per Available Room (USD) Calculation

Revenue per Available Room (USD) is calculated as

Revenue per Available Room (USD)=Average Daily Rate (USD) * Average Occupancy Rate %
=Total Room Revenue / Number of Available Rooms

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Summit Hotel Properties  (NYSE:INN) Revenue per Available Room (USD) Explanation

Revenue per Available Room (USD) is a metric used in the hospitality industry to measure hotel performance, calcualted by multiplying Average Daily Rate (USD) by Average Occupancy Rate %. Thus, an increase in a property's RevPAR means that its average room rate or its occupancy rate is improving. However, it does not necessarily mean greater profits as it fails to consider the size of a hotel.

Summit Hotel Properties Revenue per Available Room (USD) Related Terms

Thank you for viewing the detailed overview of Summit Hotel Properties's Revenue per Available Room (USD) provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INN) » Definitions » Revenue per Available Room (USD)
Comparable Companies
CLDT HT BHR AHT SOHO IHT SVC XHR PEB RLJ HST RHP APLE TSE:8963 XPAR:COVH PK TSE:8985 SHO DRH TSE:3287
Traded in Other Exchanges
INNpE.PFD:USA
Address
13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738
Website
https://www.shpreit.com
Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.
Executives
Hope S Taitz director C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Jonathan P Stanner officer: EVP & Chief Financial Officer 12600 HILL COUNTRY BLVD, SUITE R-100, AUSTIN TX 78738
Mehulkumar Bhikhubhai Patel director 2117 KIMBALL HILL CT, SOUTHLAKE TX 76092
Newcrestimage Holdings, Llc 10 percent owner 1785 STATE HIGHWAY 26, SUITE 400, GRAPEVINE TX 76051
Bright Force Investment, Llc 10 percent owner /C/O NEWCRESTIMAGE HOLDINGS, LLC, 1785 STATE HIGHWAY 26, SUITE 400, GRAPEVINE TX 76051
Daniel P Hansen director, officer: President and CEO 4808 FLORENCE ST, BELLAIRE TX 77401
Craig J Aniszewski officer: EVP and COO 119 STORMY POINTE LN, MOORESVILLE NC 28117
William Higgins Conkling officer: EVP & Chief Financial Officer 13215 BEE CAVE PARKWAY, SUITE B-300, AUSTIN TX 78738
Amina Belouizdad director 13215 BEE CAVE PARKWAY, SUITE B-300, AUSTIN TX 78783
Paul Ruiz officer: SVP & Chief Accounting Officer 3200 WILCREST DRIVE SUITE 370, HOUSTON TX 77042
Jeffrey W Jones director P O BOX 7, VAIL CO 81658
Kenneth J Kay director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Greg A Dowell officer: Executive VP & CFO 805 LAS CIMAS PARKWAY, SUITE 400, AUSTIN TX 78746
Thomas W. Storey director 2701 S. MINNESOTA AVENUE, SUITE 6, SIOUX FALLS SD 57105
Wayne Wielgus director 10750 COLUMBIA PIKE, SILVER SPRING MD 20901