Monarch Alternative Capital LP

New York Delays Airbnb Crackdown

Stock market: DJIA, Nasdaq, and S&P 500 showed gains, while lodging stocks were mixed. American travelers: High excitement for travel, but concerns about finances and travel costs have increased. Hotel developments: Renovations and new constructions announced in various locations, including Alabama, Oregon, Pennsylvania, Florida, and Massachusetts.

Early October U.S. Hotel RevPAR Up 13% Over Same Period 2019

The  DJIA  fell 28 points,  Nasdaq  was down 9, the  S&P 500  fell 12 points and the  10-year treasury yield  was down .04 to 3.90%. Braemar Hotels & Resorts Inc . reported the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $403 resulting in RevPAR of approximately $288. Ashford Hospitality Trust, Inc . announced the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $179 resulting in RevPAR of approximately $127.