Tuesday, May 30, 2023
North America

Vancouver’s Occupancy Levels Lead Canadian Rivals

  • Hotel industry updates: Canadian hotel RevPAR exceeds C$100 for third consecutive month, with Manitoba and Vancouver leading in occupancy rates.
  • Renovations and expansions: Knoxville, Tennessee plans to add 350 hotel rooms, while a $12 million extended-stay hotel is set to open in Maryland Heights, Missouri.
  • Company announcements: Hyatt Place Melbourne Airport opens in Florida, while LVMH scraps luxury hotel plans in Beverly Hills.

The DJIA was down 51 points but Nasdaq was up 42, the S&P 500 was flat and the 10-year treasury yield was down .11 to 3.70%. Lodging stocks were mixed. SOND was up 15% (0.0817) while SOHO jumped 12% as they announced the payment of some special preferred dividends, trying to get preferred shareholders whole again on their past dividends. AHT was up 8% […]

Subscribe for full access

Already subscribed? Sign in

In Today's Issue - North America

Companies

AC Hotels by Marriott, Accor, Ashford Hospitality Trust, Blackstone, Brookfield, Dart Interests, Espire Hospitality Group, EVEN Hotels, Fairfield Inn & Suites, Fertitta Entertainment, Genuine Hospitality, Hilton Hotels & Resorts, Home2 Suites by Hilton, Hotel Indigo, Hyatt Hotels Corporation, Hyatt Place, IHG Hotels & Resorts, Kautilya Group, Marriott International, Melia Hotels International, Movenpick, Nordic Choice Hotels & Resorts, PHH Group, Sandpiper Lodging Trust, Soho House and Co Inc., Sonder Holdings Inc., Strawberry, Tempo by Hilton, TownePlace Suites, Valor Hospitality Partners, Vector Hospitality, Inc., Wynn Group of Companies, Zeal Hotels

Locations

Calgary, Connecticut, Florida, Italy, Los Angeles, Miami, Missouri, Myrtle Beach, New York, Poland, Prince Edward Island, Rhode Island, Tennessee, Vancouver