U.S. Hotel Performance Stays Strong

• The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed.
• Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is in line with their recent guidance.
• Tourism to and from the U.S. has gradually recovered in 2022 without fully returning to pre-pandemic levels, according to the Commerce Department.

The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed. SLNA had the best day in a month or so, up 14% while SOND was down another -6% to another new low. Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is […]