DiamondRock Hospitality raises 2026 RevPAR growth forecast and boosts adjusted FFO per share guidance after strong Q2 performance.
DiamondRock Hospitality Company revised its 2026 outlook, projecting adjusted FFO per share between $1.18 and $1.23, up from prior guidance. The company also increased its dividend by 22% following a strong Q2 performance.
RevPAR grew 7% in Q2, outpacing expense growth of 1.8%, driving significant operating leverage. The updated forecast reflects confidence in sustained demand and margin expansion. The company now expects 2.5%-4% RevPAR growth for the year.
Management attributed the results to robust operating performance and disciplined cost management, reinforcing earnings power in its business model.