Tuesday, December 6, 2022
North America

Lodging Stocks Fall Along With Market Drops

  • The DJIA fell 351 points while Nasdaq was down 225, the S&P 500 fell 58 points and the 10 year treasury yield was down .09 to 3.51%. What happened to the Santa Claus Rally?
  • Braemar Hotels & Resorts Inc. reported preliminary portfolio occupancy of approximately 64% for November 2022 with an ADR of approximately $394 resulting in RevPAR of approximately $253.
  • Marriott International, Inc. announced the completion of an $11 million dollar revitalization of its 395-room Falls Church Marriott Fairview Park, in Falls Church, Virginia.

The DJIA fell 351 points while Nasdaq was down 225, the S&P 500 fell 58 points and the 10 year treasury yield was down .09 to 3.51%. What happened to the Santa Claus Rally? SLNA traded down -8% to another new low, VCSA hit another new low but the big decliner was MCG, down -15%. AINC gave back -6% from yesterday’s gain while […]

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In Today's Issue - North America

Companies

AC Hotels by Marriott, Aimbridge Hospitality, Airbnb, Atrium Hospitality, Borealis Hotel Group, Braemar Hotels & Resorts Inc., Cactus Hospitality LLC, Choice Hotels International, Concord Hospitality, Davidson Hospitality Group, Driftwood Capital, Everhome Suites, Gran Melia Hotels & Resorts, Greenbrier Partners, LLC, Hilton Hotels & Resorts, Holiday Inn Express, IHG Hotels & Resorts, Katara Hospitality, Lakewood Hotel Group, Marriott Hotels, Marriott International, ME by Melia, Melia Hotels International, Motto by Hilton, Palihouse, Palisociety, Palladius Capital, Paradisus by Melia, Ramada, Regent, Reuben Brothers, Selina, SpringHill Suites, Status Hospitality Management, Stonebridge Companies, The Melia Collection, Travel + Leisure Co., Vacasa, Waldorf Astoria Hotels & Resorts, Wyndham, Wyndham Hotels & Resorts

Locations

California, Florida, France, Idaho, London, Menorca, Miami, Minnesota, Pittsburgh, Rotterdam, South Carolina, Utah, Virginia