Financial PerformanceAdjusted EBITDA fell short of consensus expectations, indicating weaker financial performance.
Guidance ReductionThe magnitude of the full-year guidance reduction, with the Adjusted EBITDA midpoint at -5%, implies a significant cut for the second half numbers.
Market OutlookLeisure and consumer softness, especially on the Average Daily Rate (ADR) front, appears to be the driver of management's reduced outlook, likely putting pressure on RLJ shares.