Monday, July 17, 2023
North America

New MGM Collection with Marriott Bonvoy to Launch in Las Vegas

  • Airbnb hit a new 52-week high on the stock market, Soho House rose 9%, and Sonder was up 6%.
  • Long-term licensing agreement for MGM Collection with Marriott Bonvoy, encompassing 17 MGM resorts, and loyalty marketing agreement with BetMGM.
  • The City of London plans to convert empty offices into hotels to revitalize the area, attract tourists, and address the growing demand for serviced accommodations in London.

The DJIA rose 76 points while Nasdaq was up 131, the S&P 500 was up 17 points and the 10-year treasury yield was down .02 to 3.80%. Lodging stocks were mixed. ABNB has made it all the way back to hit a new 52-week high, which is not even close to their all-time high but the stock is getting close to a double from […]