Sunday, June 18, 2023
North America

U.S. Travel Demand Looks Robust Through 2026

  • Stock market indices, including DJIA, Nasdaq, and S&P 500, experienced declines, while the 10-year treasury yield saw a slight increase.
  • The hotel industry faced mixed results, with the Hotel Brand sub-index declining but the Hotel REIT sub-index growing.
  • The U.S. Travel Association released a forecast predicting steady growth in domestic leisure travel and slower recovery in business travel.

The DJIA was down 108 points, Nasdaq was down 93, the S&P 500 was down 16 points, the 10-year treasury yield was up .03 to 3.768% but lodging stocks were lower. Soho House (SHCO) was up 4%, VCSA was down 8%, and SLNA was up 3%. Hilton and Hyatt were up modestly. The Baird/STR Hotel Stock Index declined -2.65 in May from April. The Hotel […]