Thursday, December 1, 2022
North America

Tech Sector Weakness Contributes to Corp. Bookings Price Pressure

  • Truist gave their observations on the latest forward-looking booking and pricing trends for US hotels and checks with contacts.
  • STR’s global “bubble chart” update through November 19, 2022 showed the strongest performance of the year thus far.
  • The U.S. Travel Association’s latest biannual travel forecast shows a downgrade in international inbound travel for the remainder of this year and for 2023.

The DJIA fell 195 points, Nasdaq was up 14, the S&P 500 fell 4 points and the 10 year treasury yield was down .17 to 3.53%. How is that for a weird market? Lodging stocks were mixed. VCSA was down -5% while SLNA traded down to another new low. Truist gave their observations on the latest forward-looking booking and pricing trends for US hotels and checks with contacts. […]

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In Today's Issue - North America

Companies

Best Western, Best Western Hotels & Resorts, Blackstone, Choice Hotels International, Courtyard by Marriott, Curio Collection by Hilton, FibraHotel, HEI Hotels & Resorts, Hilton Hotels & Resorts, Holiday Inn Club Vacations, Hyatt Hotels Corporation, Hyatt Regency, IHG Hotels & Resorts, InterContinental, JW Marriott Hotels & Resorts, Marriott International, MGM Resorts, MonByHotels, Mumford Company, Nobu Hotels, Ritz-Carlton, RIU Hotels & Resorts, Ryman Hospitality Properties, Selina, Sleep Inn, Sonesta ES Suites, Sonesta International Hotels Corporation, The Luxury Collection Hotels & Resorts, Trammell Crow Company, Vacasa, VICI Properties Inc., Voco, W Hotels

Locations

Algarve, Argentina, Atlanta, Cancun, Dallas, Egypt, Florida, Las Vegas, Los Cabos, Mexico, Munich, New Jersey, New Orleans, Qatar, Singapore, South Carolina, UAE, Virginia, Washington DC