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Braemar Hotels & Resorts: Q2 Earnings Snapshot

Braemar Hotels & Resorts: Q2 Earnings Snapshot July 30, 2021 FacebookTwitterEmail DALLAS (AP) Braemar Hotels & Resorts, Inc. (BHR) on Thursday reported a key measure of profitability in its second quarter, after reporting a loss in the same period a year earlier. The Dallas-based real estate investment trust said it had funds from operations of $12.9 million, or 20 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $15.5 million, or 32 cents per share. The hotel owner posted revenue of $97.1 million in the period.

Hotel Guests Find Damp Towels, Trash Piles Amid Worker Shortage

Hotel Guests Find Damp Towels, Trash Piles Amid Worker Shortage Bloomberg 1 day ago Patrick Clark and Maria Heeter (Bloomberg) Busted shower handles. Soiled sheets. Trash piling up in the hallways. James Androuais saw it all during the 100-plus nights he spent on the road last year, as low occupancy rates and Covid-19 precautions pushed hotel operators to let traditional service standards slide. Popular Searches Now Americans are making up for lost vacations and corporate travelers are starting to get back on the road, putting hotels under pressure to step up their game. But labor shortages have made it hard for companies to find workers after mass layoffs, leading to continued cutbacks on some services that guests took for granted before the pandemic.

Hotel guests find damp towels, trash piles in worker shortage

Hotel guests find damp towels, trash piles in worker shortage
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