Sunday, May 7, 2023
North America

IHG to Get New CEO Elie Maalouf

  • InterContinental Hotels Group announced Keith Barr has informed the Board of his decision to step down from his role as Group Chief Executive Officer and from the IHG Board.
  • Playa Hotels & Resorts reported a 1Q beat and repurchased 5 million shares for $42.6 million in 1Q as well as another 2.1 million shares for $20 million in April.
  • During Q1 2023, RevPAR grew 13% compared to 2019, fueled by higher ADR and growth in business and group demand as well as strong leisure travel, according to JLL’s latest U.S. Hotel Investment Trends report.

The DJIA rose 547 points on Friday while Nasdaq was up 269, the S&P 500 rose 75 points and the 10-year treasury yield was up .10 to 3.45%. Lodging stocks were higher. VCSA was up 12% while SOND was up 10% but both of them rose less than a dime per share. On the earnings side, RLJ’s reaction was positive, up 5%, while […]

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In Today's Issue - North America

Companies

ADI Global Hotels LLC, Adventure Hospitality, Aloft Hotels, Ascend Hotel Collection, Bluegreen Vacations Holding Corp, Choice Hotels International, Crosslane Fund Managers, Crowne Plaza, DiamondRock Hospitality Company, DoubleTree by Hilton, Drury Development Corporation, Element, Fairfield Inn & Suites, Hampton by Hilton, Hilton Hotels & Resorts, Holiday Inn Express, Host Hotels & Resorts, Inc., HVS, Hyatt Hotels Corporation, Hyatt Place, IHG Hotels & Resorts, Marriott International, Nobu Hotels, Playa Hotels & Resorts, Preferred Hotels & Resorts, Red Lion Inn & Suites, RLJ Lodging Trust, Simon Property Group, Sonder Holdings Inc., Sonesta International Hotels Corporation, Sotherly Hotels Inc., Sunstone Hotel Investors, Inc., TownePlace Suites, Tru by Hilton, Vacasa

Locations

Cancun, Colorado, Florida, Kentucky, Maryland, Mississippi, New York, New York City, Ohio, Orlando, Philadelphia, Texas, West Virginia, Wisconsin