InnSuites Hospitality Trust (IHT) reports record hotel revenue levels, strong growth, expanding investments.

From GlobeNewswire: 2024-12-16 17:27:00

InnSuites Hospitality Trust (IHT) reported record hotel revenue levels for the first three fiscal quarters of 2025, totaling approximately $6 million. The combined revenue for the first ten fiscal months of fiscal year 2025 reached $6,531,170, with an increase in the Average Daily Rate (ADR) and Revenue Per Available Room (REVPAR). InnSuites continues to see strong revenue growth and improved Gross Operating Profit (GOP) in the travel industry. Additionally, IHT made a diversification investment in UniGen Power Inc., focusing on clean energy generation innovation to meet the growing demand for electricity.

The strong hotel operating results have led to three consecutive profitable fiscal years for IHT, even after accounting for non-cash depreciation expense. The company continues to explore additional investment opportunities to supplement its record hotel and diversification revenues. With 54 years of uninterrupted annual dividends, IHT remains optimistic about the future, especially with potential high-profit clean energy ventures on the horizon. Visit www.innsuitestrust.com for more information.



Read more at GlobeNewswire: IHT Q3 COMBINED RECORD REVENUES