RLJ Lodging Trust posted 4.8% RevPAR growth in Q1, but the 45 basis points of margin expansion underneath it tells you something more important about what's actually working in urban select-service right now... and what most operators are still leaving on the table.
Operations
Primary
Mar 11
The Michigan index has been below 60 for two consecutive months while retail spending contracts. The 6-8 week lag on leisure bookings means the damage hits your April pace report... and by then it's too late to adjust.
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