RLJ Lodging Surges on Business Travel | Business and Finance News

RLJ Lodging Trust is soaring with a blockbuster Q2, smashing its own revenue per available room targets thanks to a 6.8% jump fueled by higher rates and stronger occupancy—proof that business travel’s back and urban leisure remains resilient. The company’s strategic moves are paying off: a Pittsburgh hotel now sports the upscale Marriott Autograph Collection badge, while Margaritaville is rolling into Key West to lure leisure crowds. Leadership is bullish, citing broad-based growth across markets and a 10% surge in business transient bookings as key signs of momentum. With full-year expectations raised and new supply restrained, RLJ sees strong demand ahead—even as costs climb, they’re tightening margins and keeping their balance sheet rock-solid for future expansion. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/60e01b84bdc52cc7