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North America
Marriott Vacations’ New Timeshares Collection
Marriott Vacations Worldwide introduced The Marriott Vacation Clubs City Collection, featuring branded properties in seven cities with plans for expansion to other urban areas, including the addition of two Westin Vacation Club properties. -
North America
Ryman Hospitality Anticipates $1 Billion CapEx Allocation
Ahead of Ryman Hospitality Properties’ Investor Day, Truist Securities upped their price target for the REIT. -
North America
Marriott and Hilton Increase Share Buyback Authorizations
Lodging stocks were higher again with MCG up 11%, HT up 8%, ABNB up 7%, SLNA up 6% and SVC up another 5%. Both Marriott International and Hilton announced an increase in their share buyback authorizations. Hilton announced its board of directors authorized the repurchase of an additional $2.5 billion of common stock under its existing stock repurchase program. -
North America
Hotel Business Has Returned to Pre-Pandemic Levels
The DJIA was up 193, Nasdaq was up 70, the S&P 500 was up 26 points and the 10-year treasury yield was up .03 to 3.29%. According to the D.C. Office of the Chief Financial Officer, the hotel industry in Washington, D.C. , has largely returned to pre-pandemic business and most of that bounce back has come only in recent months. Accor and SHe Travel Club announced a partnership aiming to re-imagine the female travel and hospitality experience.