Monday, September 19, 2022
North America

Canadian Hotels Will Return to Pre-Pandemic Revenues in 2023

  • The DJIA┬árose 197 points, Nasdaq was up 87, the S&P 500 rose 27 points and the 10-year treasury yield was up .04 to 3.49%.
  • Hersha Hospitality is the latest lodging REIT to announce they have reinstated their quarterly cash dividend on the common shares.
  • According to CBRE, Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast.

The DJIA rose 197 points, Nasdaq was up 87, the S&P 500 rose 27 points and the 10-year treasury yield was up .04 to 3.49%. Lodging stocks were modestly higher. AINC was the big mover, up 8%. Hersha Hospitality is the latest lodging REIT to announce they have reinstated their quarterly cash dividend on the common shares. HT announced its Board of Trustees approved […]