Wednesday, December 21, 2022
North America

U.S. Hotel Trends Point to a Holiday Season Like 2019

  • Pebblebrook Hotel Trust cut their guidance for 4Q, citing a demand impact from Hurricane Nicole in November and weaker business/leisure demand at the end of that month.
  • STR said US hotel RevPAR the week ended 12/17 was up 12% year over year while up 35% over the week in 2019.
  • U.S. hotel occupancy for Christmas and New Years mirrors 2019 trends, with warm destinations proving popular according to Amadeus.

The DJIA rose 527 points while Nasdaq was up 162, the S&P 500 rose 57 points. The 10-year treasury yield was flat at 3.68%. Lodging stocks were lower on the Pebblebrook news. PEB was down -9% followed by PK with a -7% drop and CLDT, AHT and HST were each down -6%. SOND jumped 13% today and AINC was up 9%. Pebblebrook Hotel […]

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In Today's Issue - North America

Companies

Aimbridge Hospitality, Ashford Hospitality Trust, Autograph Collection, Chatham Lodging Trust, Courtyard by Marriott, Curio Collection by Hilton, Element, HEI Hotels & Resorts, Hilton Hotels & Resorts, HKS Holdings, Host Hotels & Resorts, Inc., Hotel Indigo, IHG Hotels & Resorts, Kimpton, Marriott International, Melia Hotels International, Paradisus by Melia, Peachtree Hospitality Development, Pebblebrook Hotel Trust, PL Hotel Project Owner LLC, Playa Hotels & Resorts, Radisson Blu, Radisson Hotel Group, Sonder Holdings Inc., Tempo by Hilton, The RADCO Companies, Tru by Hilton, Vignette Collection, Xenia Hotels & Resorts

Locations

Budapest, California, Cancun, Denver, Dominican Republic, Ecuador, Florida, France, Hawaii, Miami, Milwaukee, Minneapolis, Netherlands, New York City, Orlando, Reno, San Francisco, St. Louis, Texas, Vancouver