Hersha Hospitality Trust (NYSE:HT) Q4 2022 Earnings Call Transcript

And if that base of business is coming in at ADR levels that are higher than two, three years ago, we are able to continue to push that kind of level of ADR growth. And I think it it is specific to various portfolios and various assets. But ADR growth in the end is a function of an asset being differentiated and being a target for this premium customer that is demonstrating in all sectors of the economy willingness to pay more than they have in the past. And we are seeing that in our luxury hotels. We’re seeing in our lifestyle hotels, both in the resort space as well as the urban space. We can only share what we’ve seen so far. Thanks, Anthony.

Anthony Powell: Understood. Thanks. Yes.

Operator: Thank you. As there are no additional questions waiting at this time, I will pass the conference back over to Neil Shah for closing remarks.

Neil H. Shah: Great. Well, thank you all for your time today. I know there’s a couple of other calls today that may take people offline. But feel free to give us a ring throughout the day today and in the coming weeks. We look forward to speaking to everyone after the end of the first quarter if not at some investor meetings in between. But thank you for your time.

Operator: Ladies and gentlemen, this concludes today’s Hersha Hospitality Trust conference call. Have a great day ahead. You may now disconnect your lines.