Braemar Hotels & Resorts (BHR) Operating Expenses (2013 - 2026)

Braemar Hotels & Resorts has disclosed Operating Expenses across 14 years of filings, most recently posting $169.4 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $169.4 million, down 5.43% year-over-year; the trailing twelve-month figure through Mar 2026 was $704.7 million (up 2.09% YoY), and the FY2025 annual result was $714.4 million, up 3.87% from the prior year.
• Operating Expenses came in at $169.4 million for Q1 2026 at Braemar Hotels & Resorts, down from $219.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $219.5 million in Q4 2025 to a low of $135.4 million in Q1 2022.
• The 5-year median for Operating Expenses is $169.3 million (2023), against an average of $167.7 million.
• Across the five-year window, Operating Expenses surged 53.8% in 2022 and fell 8.11% in 2025, its largest moves.
• Braemar Hotels & Resorts' Operating Expenses stood at $159.6 million in 2022, then grew by 7.61% to $171.7 million in 2023, then fell by 1.27% to $169.5 million in 2024, then grew by 29.47% to $219.5 million in 2025, then slipped by 22.83% to $169.4 million in 2026.
• The last three Operating Expenses figures came in at $169.4 million (Q1 2026), $219.5 million (Q4 2025), and $154.7 million (Q3 2025), per Business Quant data.