Truist Takeaways: Optimistic Yet Still Uncertain

• Truist reported on takeaways from their Lodging/Leisure conference they had last week.
• According to CBRE’s September 2022 Hotel Horizons forecast for the overall U.S. lodging industry, rooms RevPAR will exceed 2019 annual levels in 2022.
• IHG Hotels & Resorts unveiled exceptional 2022 results to-date and a robust future for Hotel Indigo.

The DJIA rose 528 points while Nasdaq was up 139, the S&P 500 was up 56 points and the 10 year treasury yield was up .04 to 3.61%. Lodging stocks were higher. The big mover was BHR, up 5%. VCSA traded down to another new low. Truist reported on takeaways from their Lodging/Leisure conference they had last week. Truist said management tones remained relatively positive but […]