Phoenix, AZ, June 06, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American:IHT) Fiscal Q1 results will be reported soon, confirming a continuation of IHT strong quarterly resurgence, with Revenues achieving an all-time record high for the Quarter. Combined Revenue for Hotel Operations have tentatively exceeded $2.1 million for the Fiscal First Quarter (February 1, 2022, through April 30, 2022), with final totals to be announced in the coming weeks. This represents a 50% increase from the Prior Fiscal First Quarter (February 1, 2021, through April 30, 2021), of $1.4 million. Furthermore, the month of May has also started the Second Fiscal Quarter (May 1, 2022, through July 31, 2022), with equally record-breaking tentative results, surpassing the maximum combined hotel revenue ever achieved by InnSuites, with a new May standard of approximately $600,966, which is an increase of 159% compared to May of 2021, which recorded combined revenues of approximately $232,499.
IHT FISCAL FIRST QUARTER RECORD REVENUE; INCREASES IN IHT OWNERSHIP BY KEY INDIVIDUALS
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