Hilton Grand Vacations’ Quarterly Earnings Beat Rivals

• Hilton Grand Vacations clearly had the best report of the timeshare group with their 3Q results, with a solid beat of estimates.
• STR reported US hotel RevPAR rose 21.1% year over year for the week ended 11/5.
• JLL’s Hotels & Hospitality Group released its second annual Hotels Global Asset Management Report outlining tips for profitability and minimizing operational risks.

The DJIA plunged 647 points while Nasdaq was down 263, the S&P 500 fell 80 points and the 10 year treasury yield was up .03 to 4.15%. Lodging stocks were lower. HGV was one of the only gainers, up 7% while MCG was down -12%, SOND fell -10%, VCSA was down -9% and SLNA was down -8%. Hilton Grand Vacations clearly had the best […]