New Hotel Fees Are on the Way

• The DJIA ended Friday with a gain of 377 points while Nasdaq was up 250, the S&P 500 rose 61 points and the 10-year treasury yield was up .03 to 3.32%. Lodging stocks were modestly higher.
• USA Today published a story, actually a prediction that new hotel fees may be popping up.
• The St. Joe Company and InterMountain Management, LLC announced the commencement of construction on a new hotel in Panama City Beach, FL.

The DJIA ended Friday with a gain of 377 points while Nasdaq was up 250, the S&P 500 rose 61 points and the 10-year treasury yield was up .03 to 3.32%. Lodging stocks were modestly higher. SOND was up 10% while AINC and AHT both rose 5% on the day. USA Today published a story, actually a prediction that new hotel fees may be popping […]