Tuesday, March 28, 2023
North America

Hyatt Announces Major Mexico Expansion

  • TD Cowen upped their price targets on Hilton to $142 from $140 and Marriott to $172 from $170.
  • HVS gave their findings from the Hunter Conference. HVS said early 2023 comparisons continue to look favorable with easy comparisons in 1Q due to last year’s Omicron outbreak.
  • Canada’s hotel performance increased from the previous month, with February RevPAR exceeding C$100 for the first time on record

The DJIA fell 38 points, Nasdaq was down 53, the S&P 500 fell 6 points and the 10 year treasury yield was up .04 to 3.56%. It was nice to have a calm day in the markets for a change. Lodging stocks were modestly higher. AHT was up 8% while VCSA was down -5%. TD Cowen upped their price targets on Hilton to $142 from $140 and Marriott to […]