-
North America
Vancouver’s Occupancy Levels Lead Canadian Rivals
Hotel industry updates: Canadian hotel RevPAR exceeds C$100 for third consecutive month, with Manitoba and Vancouver leading in occupancy rates. Renovations and expansions: Knoxville, Tennessee plans to add 350 hotel rooms, while a $12 million extended-stay hotel is set to open in Maryland Heights, Missouri. Company announcements: Hyatt Place Melbourne Airport opens in Florida, while LVMH scraps luxury hotel plans in Beverly Hills. -
North America
Airbnb Given an Outperform Rating
Bernstein initiated coverage on Airbnb with an Outperform rating and $143 price target. B of A Securities cut their rating on Membership Collective to Underperform from Buy. They lowered their price target to $4 from $12. Service Properties Trust announced it amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.