StocksMedium•6 November 2026•
1 min read
Apple REIT Raises Annual Outlook as RevPAR Climbs 7%
Key Facts
1Apple REIT raised its full-year comparable hotel RevPAR growth outlook to a 5.6% midpoint.
2Comparable hotels revenue per available room (RevPAR) increased 7% year-over-year during the third quarter.
3The CEO noted that preliminary October results indicate RevPAR growth of approximately 10%.
Apple REIT raised its full-year comparable hotel RevPAR growth outlook to a 5.6% midpoint. CoStar reported that revenue per available room increased 7% year-over-year during the third quarter, driven by robust demand from both business and leisure travelers.
CEO Justin Knight noted that preliminary results for October 2026 indicate RevPAR growth of approximately 10%, signaling continued momentum. Shares of APLE showed upward movement during trading on November 6, 2026, supported by margin expansion and the improved revenue guidance for the hospitality sector.