Ashford Hospitality Trust, Inc. (AHT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AHT Revenue Growth
Revenue Breakdown (FY 2025)
AHT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AHT Revenue Analysis (2014–2025)
As of May 8, 2026, Ashford Hospitality Trust, Inc. (AHT) generated trailing twelve-month (TTM) revenue of $1.10 billion, reflecting moderate decline in growth of -6.0% year-over-year. The most recent quarter (Q4 2025) recorded $259.0 million in revenue, down 2.7% sequentially.
Looking at the longer-term picture, AHT's 5-year compound annual growth rate (CAGR) stands at +16.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.50 billion in 2019.
Revenue diversification analysis shows AHT's business is primarily driven by Hotel (50%), Occupancy (37%), and Food and Beverage (9%).
When compared to Real Estate sector peers including PK (-2.2% YoY), RHP (+10.7% YoY), and SHO (+6.8% YoY), AHT has underperformed the peer group in terms of revenue growth. Compare AHT vs PK →
AHT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AHTCurrent | $1.1B | -6.0% | +16.8% | 5.4% | |
 PK | $2.5B | -2.2% | +24.4% | 8.9% | |
 RHP | $2.6B | +10.7% | +37.5% | 18.9% | |
 SHO | $960M | +6.8% | +29.1% | 7.8% | |
 DRH | $1.1B | -0.4% | +30.2% | 14.4% | |
 APLE | $1.4B | -0.5% | +18.6% | 17.7% |
AHT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.10B | -5.8% | $-6,263,000 | -0.6% | $59.9M | 5.4% |
| 2024 | $1.17B | -14.3% | $234.4M | 20.0% | $259.2M | 22.1% |
| 2023 | $1.37B | +10.2% | $322.9M | 23.6% | $130.4M | 9.5% |
| 2022 | $1.24B | +54.1% | $287.6M | 23.2% | $76.3M | 6.1% |
| 2021 | $805.4M | +58.5% | $108.4M | 13.5% | $-125,167,000 | -15.5% |
| 2020 | $508.2M | -66.2% | $-56,153,000 | -11.0% | $-465,367,000 | -91.6% |
| 2019 | $1.50B | +5.0% | $402.3M | 26.8% | $114.7M | 7.6% |
| 2018 | $1.43B | -0.6% | $382.7M | 26.7% | $90.4M | 6.3% |
| 2017 | $1.44B | -3.5% | $416.3M | 28.9% | $135.0M | 9.4% |
| 2016 | $1.49B | +11.6% | $433.8M | 29.1% | $155.7M | 10.4% |
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Start ComparisonAHT — Frequently Asked Questions
Quick answers to the most common questions about buying AHT stock.
Is AHT's revenue growth accelerating or slowing?
AHT revenue declined -6.0% year-over-year, contrasting with the 5-year CAGR of +16.8%. TTM revenue fell to $1.1B. This reverses the prior growth trend.
What is AHT's long-term revenue growth rate?
Ashford Hospitality Trust, Inc.'s 5-year revenue CAGR of +16.8% reflects the variable expansion pattern. Current YoY growth of -6.0% is below this long-term average.
How is AHT's revenue distributed by segment?
AHT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.