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.

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%. Lodging stocks were mixed despite the big rally in the overall market. MCG and SOND were up 9%, VCSA rose 7% while AINC was down -8%. STR reported US lodging RevPAR for the week ended 9/3 was up […]