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 […]