DiamondRock Q3 2026 Earnings Report: Revenue Growth and Increased Dividend
DiamondRock reported strong third-quarter 2026 financial results, characterized by a 12.5% year-over-year increase in Hotel Adjusted EBITDA to $91.7 million. Key drivers included a 6.6% growth in comparable RevPAR, fueled by higher occupancy and rate improvements. The company also saw significant strength in its resort portfolio and transient business demand, which rose nearly 12%. Following these results, DiamondRock raised its full-year 2026 guidance for RevPAR, Adjusted EBITDA, and Adjusted FFO. Management also announced a 22% increase in the common dividend, raising it from $0.09 to $0.11 per share. While wage inflation and utility costs remain operating pressures, labor productivity gains have helped mitigate these impacts.
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Topics: EBITDA FFO hospitality revenue growth RevPAR