September Marked Third Consecutive Month of U.S. Hotel Construction Growth

• The DJIA fell 91 points, Nasdaq was down 53, the S&P 500 fell 25 points and the 10-year treasury yield rose another .10 to 4.23%.
• Truist believes the companies most likely to see the greatest degree of earnings outperformance this 3Q earnings season will be those with the highest exposure to the group segment.
• A new survey from the Hospitality Asset Managers Association painted a somewhat rosy picture for the industry.

The DJIA fell 91 points, Nasdaq was down 53, the S&P 500 fell 25 points and the 10-year treasury yield rose another .10 to 4.23%. Lodging stocks were mixed. Truist believes the companies most likely to see the greatest degree of earnings outperformance this 3Q earnings season will be those with the highest exposure to the group segment, namely the REITs in which Ryman Hospitality at 70% […]