Diamondrock Hospitality shared its strong third-quarter results, showing a 6.6% rise in revenue per room.

Nov 4, 2026, 11:16 AM ETResultsRead the original at Benzinga

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Diamondrock's room revenue per available room rose 6.6%, hotel adjusted EBITDA rose 12.5%, and it raised its 2026 forecast and quarterly dividend. Costs ran above expectations and wage inflation remains, but stronger demand and labor productivity outweigh those pressures.

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More hotel activity is also leaving the company with more cash after building costs. That cash, counted per share, rose 27% over the past 12 months, and the quarterly dividend increased. Costs came in higher than expected in dollars, but the company tied most of the difference to stronger business. Labor hours per occupied room fell 4.2% over the past 12 months, and no debt comes due before 2029.

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