NYSE$INN
Summit Hotel Properties Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported results for the second quarter ended June 30, 2020, amidst unprecedented decline in lodging industry demand due to COVID-19.
Summit Hotel Properties reported results for Q2 2020, a period marked by an unprecedented decline in lodging industry demand due to COVID-19. The company adapted quickly, maintained nearly all hotels open, and gained market share. RevPAR trends improved from April lows, reducing the monthly cash burn rate by nearly 40%.
- The lodging industry experienced an unprecedented decline in demand during the second quarter due to COVID-19.
- The company adapted quickly and kept nearly all hotels open, gaining considerable market share.
- Occupancy and RevPAR levels improved sequentially throughout the quarter, driven by weekend leisure demand.
- The monthly cash burn rate has been reduced by nearly 40% from trough levels in April.
Headline financials
Revenue & EPS history
Summit Hotel Properties · Revenue · Quarterly
$25.4M
Revenue by segment
Summit Hotel Properties · $175M total across 3 segments · Q4 2025
- Room Revenue$153M+0.2%87.5%
- Food and Beverage$11M+3.0%6.3%
- Other Revenue$10.8M+15.1%6.2%
Forward guidance
The company did not provide specific forward guidance in this earnings report. However, they expressed optimism about their business prospects and believe their actions position them well for recovery.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.2%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+0.5%
Avg return
30 days after
48%
30 / 62 earnings
Positive
+8.9%
Q3 2023
Best reaction
-12.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +5.6% | +15.4% | |
| Q4 2025 | +8.4% | +8.2% | -0.7% | |
| Q3 2025 | +2.3% | +11.9% | -4.5% | |
| Q2 2025 | +0.4% | -0.6% | +10.4% | |
| Q1 2025 | +1.5% | +2.0% | +7.6% | |
| Q4 2024 | -1.1% | +2.1% | -14.2% | |
| Q3 2024 | -0.8% | +7.2% | +10.8% | |
| Q2 2024 | +3.8% | +1.3% | +8.7% | |
| Q1 2024 | +2.8% | +3.2% | +1.8% | |
| Q4 2023 | -0.8% | -0.6% | +0.6% | |
| Q3 2023 | +8.9% | +10.3% | +13.8% | |
| Q2 2023 | -8.8% | -7.6% | -8.5% | |
| Q1 2023 | +2.0% | +4.2% | +7.4% | |
| Q4 2022 | -6.3% | -1.9% | -13.7% | |
| Q3 2022 | -9.9% | -7.7% | -3.3% | |
| Q2 2022 | +3.0% | +2.6% | -3.4% | |
| Q1 2022 | -1.8% | -4.1% | -7.3% | |
| Q4 2021 | -0.2% | -1.6% | -1.7% | |
| Q3 2021 | +1.0% | +1.1% | -13.7% | |
| Q2 2021 | -1.9% | +3.8% | +7.1% | |
| Q1 2021 | -5.3% | -3.7% | -7.0% | |
| Q4 2020 | +4.5% | +2.8% | +3.6% | |
| Q3 2020 | +2.5% | +5.3% | +65.9% | |
| Q2 2020 | +5.7% | +16.5% | +11.8% | |
| Q1 2020 | -12.5% | -21.4% | +18.2% | |
| Q4 2019 | -8.3% | -13.8% | -59.3% | |
| Q3 2019 | -3.4% | -3.9% | -3.6% | |
| Q2 2019 | -1.3% | -3.5% | -3.5% | |
| Q1 2019 | +5.9% | +8.2% | -1.6% | |
| Q4 2018 | +0.8% | -2.7% | -0.9% | |
| Q3 2018 | -0.3% | -2.2% | -4.1% | |
| Q2 2018 | +0.4% | -3.0% | -3.0% | |
| Q1 2018 | -1.8% | +0.0% | +5.6% | |
| Q4 2017 | -1.1% | -2.6% | -9.2% | |
| Q3 2017 | +0.7% | -1.0% | -4.5% | |
| Q2 2017 | -10.1% | -8.7% | -17.1% | |
| Q1 2017 | -0.5% | +0.7% | +7.6% | |
| Q4 2016 | -1.8% | -5.4% | -5.5% | |
| Q3 2016 | -2.1% | +0.5% | +13.2% | |
| Q2 2016 | -0.4% | -0.6% | +0.4% | |
| Q1 2016 | +3.9% | — | — | |
| Q4 2015 | +5.2% | — | — | |
| Q3 2015 | +4.1% | — | — | |
| Q2 2015 | -5.4% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | +3.0% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +3.6% | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q4 2013 | -1.1% | — | — | |
| Q3 2013 | -3.7% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | -2.4% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | -7.9% | — | — | |
| Q3 2011 | +4.5% | — | — | |
| Q2 2011 | +0.8% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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