IHG and Iberostar Enter Long-Term Commercial Agreement

• We may be seeing a short week slowdown already starting in the financial markets. Lodging stocks were modestly lower.
• Deutsche Bank‘s Gaming, Lodging, Leisure & Restaurant Conference‘soverarching chorus was stability in trends and company outlooks.
• Pebblebrook Hotel Trust, in their monthly update, referenced that the end of October brought a return of seasonality.

The DJIA fell 45 points while Nasdaq was down 122, the S&P 500 fell 15 points and the 10-year treasury yield was up .01 to 3.83%. We may be seeing a short week slowdown already starting in the financial markets. Lodging stocks were modestly lower. SOND was down -6%. Deutsche Bank gave a summary of […]