Daily Lodging Report
Skift
Skift Meetings
Airline Weekly
Skift Research
Skift Live
Latest News
North America
Asia Pacific
Hotel Stock Index
Subscribe
Login
Login
GreenLake Asset Management LLC
North America
Earnings Reports and Interest Rates Spook Investors
Lodging stocks were down before the Fed decision to raise interest rates by another 75 basis points and conference call but the selling accelerated after, led by the REITs, not surprisingly. Investors did not take the earnings reports from Airbnb, Ashford Hospitality Trust or Xenia Hotels & Resorts very well. Meanwhile STR reported for the week ended 10/29, US hotel RevPAR was up 33.5% year over year.
November 2nd, 2022