Monday, December 5, 2022
North America

Airbnb’s Listings in New York Will Shrink

  • Morgan Stanley re-launched coverage on the lodging sector, saying they prefer C-Corps over REITs.
  • Truist updated their estimates and price targets on some hotel names in their coverage.
  • According to the NY Daily News, more than 10,000 Airbnb listings for short-term rentals in New York City are likely to disappear when tight new housing rules take effect next year.

The DJIA fell 483 points while Nasdaq was down 222, the S&P 500 fell 73 points and the 10 year treasury yield was up .07 to 3.60%. Lodging stocks were lower. AINC was the bright spot, up 15%. SLNA fell another -9% to another all time low. VCSA fell another -6% to another all time low. MCG was down -7%, AHT was down […]

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In Today's Issue - North America

Companies

Aimbridge Hospitality, Airbnb, Ashford Hospitality Trust, China Oceanwide Holdings Ltd, Choice Hotels International, Destination by Hyatt, Disney Parks, EKN Development Group, Evolution Lifestyle, Hampton by Hilton, Hilton Hotels & Resorts, Host Hotels & Resorts, Inc., Hyatt Hotels Corporation, IHG Hotels & Resorts, Island Hospitality Management, JdV by Hyatt, JLL, LuxUrban Hotels Inc., Marriott International, Pebblebrook Hotel Trust, Practice Hospitality, Quality Inn, Selina, Sunstone Hotel Investors, Inc., The Chetrit Group, The Park Hotels, The Unbound Collection by Hyatt, Trademark Collection, Vacasa, Vignette Collection, Waldorf Astoria Hotels & Resorts, Welcome Group, Wyndham Hotels & Resorts, Xenia Hotels & Resorts

Locations

Atlanta, Detroit, Florida, Lake Tahoe, Los Angeles, Massachusetts, Miami, Nevada, New York, New York City, Oregon, San Francisco