Hotel Industry Expected to Weather Potential Recession
Deutsche Bank issued a report, commenting on what they think the trading action in gaming and lodging stocks are telling them.
- Jefferies believes the primary issue affecting stock prices in the group the past week is the banking crisis, notably the pressure on regional banks and its prospective prospective impact on financing of new properties.
- Most economists agree the U.S. will experience a recession to some degree in 2023, but hotel industry analysts say sustainable job growth, strong hotel rates and demand, and the yet-unrealized wave of international travelers will help the industry keep its head above water.
The DJIA rose 195 points, Nasdaq was down 55 points, the S&P 500 rose 7 points, the 10-year treasury yield was back up .15 to 3.53% and lodging stocks were modestly higher. The volatility is just reaching new levels in treasuries. Deutsche Bank issued a report, commenting on what they think the trading action in […]