Wednesday, January 11, 2023
North America

Hilton Launches Premium Economy Brand Spark

  • Lodging stocks were higher led by AHT, up another 10%. ABNB and PLYA were both up 7% on the day while VCSA was up 6% and HST rose 5%.
  • Truist gave their 2023 lodging preview, saying they see a mixed bag for demand/pricing/supply trends for the lodging companies. Similar to the past nine months, they see “macro over micro” at the moment.
  • DiamondRock Hospitality said their preliminary 4Q22 comparable revenue grew 23.4% year over year and 8.5% compared to 2019.

The DJIA rose 269 points while Nasdaq was up 189, the S&P 500 rose 50 points and the 10 year treasury yield was down .07 to 3.55%. Lodging stocks were higher led by AHT, up another 10%. ABNB and PLYA were both up 7% on the day while VCSA was up 6% and HST rose 5%. Truist gave their 2023 lodging preview, saying […]