Club Med to Shift Upmarket

• Club Med said it was beginning a new chapter. Taking inspiration from the original Club Med philosophy, creating simple moments of happiness, the lifestyle brand will be providing a more premium, family-friendly and eco-conscious experience.
• Deutsche Bank initiated coverage on Wyndham Hotels & Resorts with a Buy rating and $79 price target.
• STR reported US lodging data for the week ended April 1. US hotel RevPAR was up 10.9% year over year.

The DJIA rose 80 points but Nasdaq was down 129, the S&P 500 fell 10 points and the 10-year treasury yield was down .05 to 3.29%. Lodging stocks were lower. At the rate SOND is going, it may be trading at a dime before it gets a delisting notice, down another 12% to another all-time low. SHCO was down -9% and SLNA fell […]