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. […]