State of Global Hotel Construction Pipeline for Q4 Year End

• The biggest surprise of this earnings season is how bullish analysts seem to be coming out of it.
• Lodging Econometrics released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects with 2,298,846 rooms.
• The 473-room, La Concha Resort, in San Juan, Puerto Rico, has joined Marriott International’s Autograph Collection.

It was a rebound but not much of a rebound after last week’s horrible performance but the DJIA and Nasdaq both rose 72 points, the S&P 500 rose 12 points, the 10 year treasury yield was down .03 to 3.925% and lodging stocks were modestly higher. The biggest surprise of this earnings season is how bullish analysts seem to be coming out of it. They […]