Josh Friedland's questions to Apple Hospitality REIT Inc (APLE) leadership • Q2 2025
Question
Josh Friedland of KeyBanc Capital Markets inquired about Apple Hospitality's decision to lower RevPAR guidance despite positive July trends and questioned the strategy for adding group business in the third quarter.
Answer
CFO Liz Perkins explained that the guidance adjustment was based on the current booking data for August and September, which appears soft, but acknowledged potential upside if recent positive trends continue. She also stated that group business was accretive to ADR in Q2 and a key driver of performance, so the company will continue to strategically layer in group bookings at attractive rates to optimize RevPAR.