Sunday, June 4, 2023
North America

Market Surges and Airbnb Lawsuit

  • Market surge: DJIA and Nasdaq experience significant gains, with the DJIA surging 701 points and the stronger-than-expected jobs report contributing to the rise.
  • Airbnb lawsuit: Airbnb files a lawsuit against New York City over a new law that the company claims will limit short-term rentals and make it more difficult for hosts to do business.
  • Hotel openings and acquisitions: Several hotel brands announce new openings and acquisitions, including WoodSpring Suites, Sonesta, and Margaritaville, expanding their presence in different cities and states.

June is coming in like a lion with the second day even better than the first in the markets with the DJIA surging 701 points on an actual economic report. The stronger-than-expected jobs report also helped Nasdaq rise an additional 140, the S&P 500 was up 61 points and the 10-year treasury yield was up .08 to 3.69%. Lodging stocks were higher led […]

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In Today's Issue - North America

Companies

Airbnb, Artemis Hotel Group, Ashford Hospitality Trust, Autograph Collection, Chatham Lodging Trust, Chesapeake Hospitality, Choice Hotels International, Courtyard by Marriott, Coury Hospitality, DelMonte Hotel Group, GF Hotels & Resorts, Hampton by Hilton, Hersha Hospitality Trust, Hilton Grand Vacations, Hilton Hotels & Resorts, Homewood Suites by Hilton, Hyatt, Hyatt Hotels Corporation, Hyatt Regency, IHG Hotels & Resorts, Kimpton, Lark Hotels, Left Lane Hospitality, Mandarin Oriental, Margaritaville Hotels & Resorts, Margaritaville Island Reserve All Inclusive Resorts, Marriott International, NewcrestImage, Park Hotels and Resorts Inc., Red Lion Hotels, Rosewood Hotels & Resorts, Ryman Hospitality Properties, Selina, Service Properties Trust, Sonder Holdings Inc., Sonesta Essential, Sonesta Hotels & Resorts, Sonesta International Hotels Corporation, Staybridge Suites, Swire Hotels, Woodspring Suites

Locations

Anguilla, Austin, British Columbia, California, Croatia, Dominican Republic, Florida, Grand Cayman, Iceland, Idaho, Illinois, Kansas, London, Massachusetts, Mexico, Miami, Michigan, New York, New York City, North Carolina, Pennsylvania, San Diego, Savannah, Vermont, Virginia