Thursday, January 5, 2023
North America

New Builds, Conversions and Proposals to Start the Year

  • The DJIA¬†fell 350 points, Nasdaq was down 154, the S&P 500 fell 45 points and the 10-year treasury yield was up .01 to 3.72%.
  • Mizuho cut their price target on Airbnb to $110 from $125. They maintained their Neutral rating on the stock.
  • STR reported US lodging data for the week ended 12/31. US hotel RevPAR was up 4.2% year over year while up 35.6% versus the same week in 2019.

The DJIA fell 350 points, Nasdaq was down 154, the S&P 500 fell 45 points and the 10-year treasury yield was up .01 to 3.72%. Lodging stocks were lower. SLNA was one of the few bright spots, up 10%. MCG was down -13%, SOND and AHT both fell -6% and BHR was down -5% on the day. Mizuho cut their price target on Airbnb to $110 […]