Sotherly Hotels (SOHO) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

Sotherly Hotels Revenue Highlights

Latest Revenue (Y)

$173.84M

Latest Revenue (Q)

$50.69M

Main Segment (Y)

Occupancy

Main Geography (Y)

Occupancy

Sotherly Hotels Revenue by Period

Sotherly Hotels Revenue by Year

Date	Revenue	Change
2023-12-31	$173.84M	4.67%
2022-12-31	$166.08M	30.17%
2021-12-31	$127.59M	78.44%
2020-12-31	$71.50M	-61.51%
2019-12-31	$185.79M	4.27%
2018-12-31	$178.17M	15.50%
2017-12-31	$154.27M	0.93%
2016-12-31	$152.85M	10.33%
2015-12-31	$138.53M	12.68%
2014-12-31	$122.94M	37.56%
2013-12-31	$89.37M	2.33%
2012-12-31	$87.34M	7.60%
2011-12-31	$81.17M	4.90%
2010-12-31	$77.38M	8.20%
2009-12-31	$71.52M	1.07%
2008-12-31	$70.76M	1.36%
2007-12-31	$69.81M	3.83%
2006-12-31	$67.24M	16.22%
2005-12-31	$57.86M	118.07%
2004-12-31	$26.53M	8.58%
2003-12-31	$24.44M	16.71%
2002-12-31	$20.94M	-13.16%
2001-12-31	$24.11M	0.92%
2000-12-31	$23.89M	-

Sotherly Hotels generated $173.84M in revenue during NA 2023, up 4.67% compared to the previous quarter, and up 97.57% compared to the same period a year ago.

Sotherly Hotels Revenue by Quarter

Date	Revenue	Change
2024-06-30	$50.69M	8.91%
2024-03-31	$46.55M	10.44%
2023-12-31	$42.15M	7.57%
2023-09-30	$39.18M	-20.07%
2023-06-30	$49.02M	12.71%
2023-03-31	$43.49M	5.20%
2022-12-31	$41.34M	5.43%
2022-09-30	$39.21M	-16.87%
2022-06-30	$47.17M	22.99%
2022-03-31	$38.35M	9.34%
2021-12-31	$35.08M	-1.18%
2021-09-30	$35.49M	3.23%
2021-06-30	$34.38M	51.90%
2021-03-31	$22.64M	55.19%
2020-12-31	$14.59M	1.19%
2020-09-30	$14.41M	172.28%
2020-06-30	$5.29M	-85.77%
2020-03-31	$37.21M	-16.02%
2019-12-31	$44.30M	4.12%
2019-09-30	$42.55M	-17.44%
2019-06-30	$51.54M	8.76%
2019-03-31	$47.39M	9.03%
2018-12-31	$43.47M	4.94%
2018-09-30	$41.42M	-19.66%
2018-06-30	$51.55M	23.52%
2018-03-31	$41.74M	9.37%
2017-12-31	$38.16M	3.78%
2017-09-30	$36.77M	-9.53%
2017-06-30	$40.64M	5.03%
2017-03-31	$38.69M	7.68%
2016-12-31	$35.94M	-3.59%
2016-09-30	$37.28M	-10.88%
2016-06-30	$41.82M	10.62%
2016-03-31	$37.81M	2.88%
2015-12-31	$36.75M	8.28%
2015-09-30	$33.94M	-7.93%
2015-06-30	$36.87M	19.01%
2015-03-31	$30.98M	3.86%
2014-12-31	$29.83M	-6.10%
2014-09-30	$31.76M	-12.59%
2014-06-30	$36.34M	45.30%
2014-03-31	$25.01M	11.28%
2013-12-31	$22.48M	4.74%
2013-09-30	$21.46M	-15.02%
2013-06-30	$25.25M	25.07%
2013-03-31	$20.19M	-1.20%
2012-12-31	$20.43M	-6.14%
2012-09-30	$21.77M	-13.31%
2012-06-30	$25.11M	25.40%
2012-03-31	$20.03M	2.74%
2011-12-31	$19.49M	-2.61%
2011-09-30	$20.02M	-13.47%
2011-06-30	$23.13M	24.79%
2011-03-31	$18.54M	-1.51%
2010-12-31	$18.82M	-3.68%
2010-09-30	$19.54M	-9.17%
2010-06-30	$21.51M	22.80%
2010-03-31	$17.52M	0.05%
2009-12-31	$17.51M	-2.63%
2009-09-30	$17.98M	-12.43%
2009-06-30	$20.53M	32.47%
2009-03-31	$15.50M	-11.98%
2008-12-31	$17.61M	2.48%
2008-09-30	$17.18M	-16.00%
2008-06-30	$20.45M	-

Sotherly Hotels generated $50.69M in revenue during Q2 2024, up 8.91% compared to the previous quarter, and up 116.56% compared to the same period a year ago.

Sotherly Hotels Revenue Breakdown

Sotherly Hotels Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Occupancy	$114.75M	$109.55M	$88.63M	$49.19M	$128.06M
Food and Beverage	$35.23M	$29.56M	-	-	-
Hotel, Other	$23.86M	$26.97M	-	-	-
Hotel Other	-	-	$23.13M	$11.63M	$17.46M
Food And Beverage	-	-	$15.83M	$10.68M	$40.27M

Sotherly Hotels's latest annual revenue breakdown by segment (product or service), as of Dec 23: Occupancy (66.01%), Food and Beverage (20.27%), and Hotel, Other (13.72%).

Quarterly Revenue by Product

Product/Service	Jun 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Occupancy	$34.58M	$26.83M	$26.26M	$33.25M	$28.40M	$26.04M	$26.11M	$32.55M	$24.85M	$23.85M	$25.23M	$24.05M	$15.49M	$10.23M	$10.33M	$3.89M	$24.74M	$29.50M	$29.25M	$36.36M
Food and Beverage	$9.90M	$9.46M	$7.52M	$9.50M	$8.75M	$9.41M	$6.82M	$7.71M	-	-	-	-	-	-	-	-	-	-	-	-
Hotel, Other	$6.22M	$5.86M	$5.40M	$6.26M	$6.34M	$5.89M	$6.29M	$6.91M	-	-	-	-	-	-	-	-	-	-	-	-
Food And Beverage	-	-	-	-	-	-	-	-	$5.62M	$5.96M	$4.82M	$3.50M	$1.54M	$1.21M	$1.17M	$155.19K	$8.14M	$10.68M	$9.00M	$10.86M
Hotel Other	-	-	-	-	-	-	-	-	$7.88M	$5.26M	$5.44M	$6.84M	$5.60M	$3.14M	$2.92M	$1.25M	$4.32M	$4.12M	$4.30M	$4.32M

Sotherly Hotels's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Occupancy (68.20%), Food and Beverage (19.53%), and Hotel, Other (12.26%).

Sotherly Hotels Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
Hotel, Other	$26.97M	-	-	-	-
Food and Beverage	$29.56M	-	-	-	-
Occupancy	$109.55M	$88.63M	$49.19M	$128.06M	$120.99M
Food And Beverage	-	$15.83M	$10.68M	$40.27M	$38.13M
Hotel Other	-	$23.13M	$11.63M	$17.46M	$19.04M

Sotherly Hotels's latest annual revenue breakdown by geography, as of Dec 22: Occupancy (65.97%), Food and Beverage (17.80%), and Hotel, Other (16.24%).

Quarterly Revenue by Country

Country	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18
Food and Beverage	$8.75M	$9.41M	$6.82M	$7.71M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy	$28.40M	$26.04M	$26.11M	$32.55M	$24.85M	$23.85M	$25.23M	$24.05M	$15.49M	$10.23M	$10.33M	$3.89M	$24.74M	$29.50M	$29.25M	$36.36M	$32.95M	$28.75M	$28.63M	$35.33M
Hotel, Other	$6.34M	$5.89M	$6.29M	$6.91M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hotel Other	-	-	-	-	$7.88M	$5.26M	$5.44M	$6.84M	$5.60M	$3.14M	$2.92M	$1.25M	$4.32M	$4.12M	$4.30M	$4.32M	$4.72M	$4.43M	$4.37M	$5.14M
Food And Beverage	-	-	-	-	$5.62M	$5.96M	$4.82M	$3.50M	$1.54M	$1.21M	$1.17M	$155.19K	$8.14M	$10.68M	$9.00M	$10.86M	$9.72M	$10.28M	$8.42M	$11.08M

Sotherly Hotels's latest quarterly revenue breakdown by geography, as of Mar 23: Occupancy (65.30%), Food and Beverage (20.12%), and Hotel, Other (14.58%).

Sotherly Hotels Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SVC	Service Properties Trust	$1.87B	$512.57M
RLJ	RLJ Lodging Trust	$1.33B	$345.74M
DRH	DiamondRock Hospitality Company	$1.07B	$285.13M
XHR	Xenia Hotels & Resorts	$1.03B	$236.81M
INN	Summit Hotel Properties	$736.13M	$176.81M
HT	Hersha Hospitality Trust	$405.87M	$91.98M
CLDT	Chatham Lodging Trust	$311.11M	$86.48M
SOHO	Sotherly Hotels	$173.84M	$50.69M

SOHO Revenue FAQ

What is Sotherly Hotels’s yearly revenue?

Sotherly Hotels's yearly revenue for 2023 was $173.84M, representing an increase of 4.67% compared to 2022. The company's yearly revenue for 2022 was $166.08M, representing an increase of 30.17% compared to 2021. SOHO's yearly revenue for 2021 was $127.59M, representing an increase of 78.44% compared to 2020.

What is Sotherly Hotels’s quarterly revenue?

Sotherly Hotels's quarterly revenue for Q2 2024 was $50.69M, a 8.91% increase from the previous quarter (Q1 2024), and a 3.42% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $46.55M, a 10.44% increase from the previous quarter (Q4 2023), and a 7.03% increase year-over-year (Q1 2023). SOHO's quarterly revenue for Q4 2023 was $42.15M, a 7.57% increase from the previous quarter (Q3 2023), and a 1.95% increase year-over-year (Q4 2022).

What is Sotherly Hotels’s revenue growth rate?

Sotherly Hotels's revenue growth rate for the last 3 years (2021-2023) was 36.25%, and for the last 5 years (2019-2023) was -6.43%.

What are Sotherly Hotels’s revenue streams?

Sotherly Hotels's revenue streams in c 23 are Occupancy, Food and Beverage, and Hotel, Other. Occupancy generated $114.75M in revenue, accounting 66.01% of the company's total revenue, up 4.74% year-over-year. Food and Beverage generated $35.23M in revenue, accounting 20.27% of the company's total revenue, up 19.20% year-over-year. Hotel, Other generated $23.86M in revenue, accounting 13.72% of the company's total revenue, down -11.53% year-over-year.

What is Sotherly Hotels’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Sotherly Hotels was Occupancy. This segment made a revenue of $114.75M, representing 66.01% of the company's total revenue.