Canada’s Hotel Pipeline for Q2 2022

• The DJIA fell 58 points, Nasdaq was down 151, the S&P 500 was down 18 points, and the 10-year treasury yield was up .03 to 2.80%.
• The second half of the earnings season included a sparkler from Hyatt, while IHGwent back to returning money to shareholders with dividends and up to $500 million in share buybacks.
• According to the recently released Q2 2022 Canada Construction Pipeline Trend Report from Lodging Econometrics, at the close of the quarter, the total construction pipeline in Canada stands at 261 projects.

The DJIA fell 58 points, Nasdaq was down 151, the S&P 500 was down 18 points, and the 10-year treasury yield was up .03 to 2.80%. The calm was nice while it lasted. Lodging stocks were mixed. The second half of the earnings season included a sparkler from Hyatt, while IHG went back to returning money to shareholders with dividends and up to $500 million […]