Tuesday, June 13, 2023
North America

New York Delays Airbnb Crackdown

  • Stock market: DJIA, Nasdaq, and S&P 500 showed gains, while lodging stocks were mixed.
  • American travelers: High excitement for travel, but concerns about finances and travel costs have increased.
  • Hotel developments: Renovations and new constructions announced in various locations, including Alabama, Oregon, Pennsylvania, Florida, and Massachusetts.

The DJIA was up 146 points while Nasdaq was up 111, the S&P 500 was up 30 and the 10-year treasury yield jumped .07 to 3.84%. Lodging stocks were mixed. Raymond James upped their price target on Ryman Hospitality to $115 from $110 They maintained their Outperform rating on the stock. American excitement for travel remains at record high levels, 8.3 on a scale from […]