New York City Leads U.S. With 2022 New Openings

• According to the third quarter United States Construction Pipeline Trend Report from Lodging Econometrics, the U.S. market with the largest hotel construction pipeline by projects is Dallas.
• Despite down markets, lodging stocks were modestly higher even though the two biggest movers were to the downside.
• BWH Hotel Group announced the launch of a new extended stay brand.

The DJIA fell 129 points while Nasdaq was down 114, the S&P 500 fell 29 points and the 10 year treasury yield was up .07 to 4.08%. Despite the down markets, lodging stocks were modestly higher even though the two biggest movers were to the downside. SLNA was down another -15%, ABNB fell -7% but VCSA was up 6% and MCG and AHT […]