Hotel Construction Declines Worldwide

• According to the latest STR U.S. bubble chart update, for the four weeks ending April 15, recovery growth across a range of industry indicators took a small backstep, with occupancy falling from the prior month.
• Each of the four world regions showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.
• The Hospitality Asset Manager Association released the results of its Spring 2023 Industry Outlook Survey.

The DJIA rose 66 points while Nasdaq was down 35, the S&P 500 rose 4 points and the 10-year treasury yield was down .06 to 3.52%. Lodging stocks were mixed to modestly higher. The lack of volatility in the overall market the past week, even as we get into earnings season, is a bit disturbing. According to the latest STR U.S. bubble chart update, […]