London to Overtake Las Vegas in Hotel Supply

• Wyndham Hotels & Resorts received a much better response to their earnings report than Hilton did yesterday.
• Pebblebrook Hotel Trust kicked off the Lodging REIT earning season with Hersha Hospitality.
• Hersha Hospitality revenue was in line, EBITDA was lower than expected.

The DJIA rose 525 points, Nasdaq was up 288, the S&P 500 was up 79 points and the 10-year treasury yield jumped .10 to 3.53%. Lodging stocks were modestly higher, with not much of a comeback from yesterday’s sell off. SOND traded down to another all time low. VCSA was up just over a dime, which is 15%. Wyndham Hotels & Resorts received a […]