Upbeat Mood and News Frenzy at ALIS

• Truist said they are finding the sentiment at the ALIS Lodging Conference as mostly positive, with lots of “hope” that the most well-anticipated recession in the history of recessions will be a mild one.
• STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast released at ALIS.
• Four Seasons said they started 2023 with new leadership, brand extensions and strategic portfolio growth.

The DJIA rose 104 points but Nasdaq was down 30, the S&P 500 was down 3 points and the 10-year treasury yield was down .06 to 3.47%. Lodging stocks were mixed. SOHO was the big gainer, up 26% as they announced they were starting to pay preferred dividends again. SOND was up 9% but MCG fell -14%. Truist said they are finding the sentiment at […]