Thursday, February 2, 2023
North America

International Arrivals to U.S. in November Increased 61% YoY

  • Wells Fargo changed price targets on a bunch of hotel names in their coverage.
  • In November 2022, total non-US resident international visitor volume to the United States increased 61.3% compared to November 2021
  • According to the Q4 2022 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics, Canada’s total construction pipeline stands at 267 projects/35,758 rooms.

The DJIA fell 39 points but Nasdaq keeps rolling on, up another 385 while the S&P 500 rose 61 points. The 10-year treasury yield was flat at 3.40%. Lodging stocks were higher. SOND led the group with a 19% rise, MCG was up 9% but SLNA fell -6% on the day. Wells Fargo changed price targets on a bunch of hotel names in their coverage.  They upped Marriott’s target price […]