RLJ Lodging Trust (RLJ) Earnings Call Transcripts

RLJ Lodging Trust's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, RLJ Lodging Trust reported a RevPAR growth of 4.8%, outperforming the industry by 100 basis points. Total revenues increased by 5.4%, driven by robust non-room revenue growth of 8.2%. Management maintained its full-year guidance for comparable RevPAR growth between 1.5% and 3.5%, while projecting adjusted FFO per diluted share between $1.29 and $1.45, signaling confidence in continued demand despite macroeconomic uncertainties.

Reported metrics

Guidance from management

Management maintained its full-year guidance for comparable RevPAR growth between 1.5% and 3.5% and adjusted FFO per diluted share between $1.29 and $1.45, reflecting confidence in ongoing demand despite macroeconomic uncertainties.

What management said

It's definitely business travel is playing a key role. And it's not just business transient, its also a business group. Business Group has increased to more than 50% of our overall group mix that bodes well for out-of-room for F&B orders while in their group meetings. And it's in general, as BT continues to increase, they do more in spending in the hotel as well. I'll let Tom add some color.

Yes. And Mike, I'll just add what's kind of in our pipeline that kind of bolt on to some of Tom's comments around the thoughtful F&B and how we've approached it. We've talked about on previous calls how we've been really focused on having F&B that attracts guests that are outside the hotel. We did that at Mills House and Mandalay and Nashville, and we still have Pittsburgh and Boston in the pipeline. And just to put ...

What analysts pressed on

Analysts expressed concerns about the impact of shorter booking windows on future revenue, particularly in the group and leisure segments. There was also a focus on how macroeconomic factors could affect demand trends moving forward.

Main topics on the call

• Strong RevPAR Growth — RLJ achieved a RevPAR growth of 4.8% in Q1 2026, with February and March showing even stronger growth at 6% and 9%, respectively. Leslie Hale noted, "Our urban-centric portfolio outperformed the industry," highlighting t...
• Business Travel Demand — Business transient revenues grew by 9%, driven by strong corporate profits and investments in technology and life sciences. Hale stated, "The acceleration we saw was broad-based," indicating a robust recovery in business...
• Non-Room Revenue Growth — Non-room revenues grew by 8.2%, significantly outpacing RevPAR growth. This was attributed to successful ROI initiatives and increased ancillary revenue channels, as highlighted by Nikhil Bhalla, who noted, "Our non-room...
• Capital Allocation and Renovations — Management emphasized the success of recent renovations, with properties achieving 9% RevPAR and 10% EBITDA growth. They are on track for additional conversions, with Leslie Hale stating, "We strive to execute buybacks o...

Read the full RLJ Lodging Trust transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 RLJ Lodging Trust earnings call transcripts on record, spanning February 26, 2020 to August 7, 2026. Based on this history, RLJ Lodging Trust reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RLJ

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Hotel and Resort REITs

Calls on record

26

First call

February 26, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly