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Marriott, Ashford and RLJ report earnings

2019-03-12 Tag: Marriott

Marriott,Marriott, Ashford and RLJ report earnings

Real estate investment trusts Ashford and RLJ Lodging Trusts will discuss fourth-quarter and full-year 2018 earnings with analysts today.

Marriott International saw comparable systemwide constant dollar RevPAR increase 2.6% worldwide for the full year, 5.5% outside North America and 1.5% inside North America, according to the company's earnings release. Marriott also added 80,000 rooms in 2018.

Ashford saw total revenue reach $51 million in the fourth quarter, which reflected a growth rate of 72% over the fourth quarter in 2017, according to an earnings release. The company’s adjusted earnings before interest, taxes, depreciation and amortization was $8 million for the quarter.