Government SegmentAPLE's government segment, which accounts for 5-6% of its mix, has been a relative weak spot amid softening government demand.
Lodging DemandLodging demand remains uneven and even as it stabilizes, APLE’s recent update was a bit worse than expected.
RevPAR PerformanceAPLE's April RevPAR decline was lower-than-expected and occupancy remained soft into May with year-over-year declines in six of the last eight weeks.