Thursday, July 20, 2023
North America

Relative Optimism for Hotel Earnings Season Among Analysts

  • Truist expects varied 2Q earnings for the hotel sector, with C-Corps’ results depending on geography and customer mix.
  • U.S. hotel industry performance in June 2023 showed improvements from the previous month but lower year-over-year changes.
  • RLJ Lodging Trust‘s Nashville property joins Hilton’s Tapestry Collection after a comprehensive renovation, marking the company’s third conversion in 2023.

The DJIA rose 164 points, but Nasdaq plunged 295, the S&P 500 fell 31 points, and the 10-year treasury yield bounced back up .11 to 3.85%. Lodging stocks were lower on the day. Oppenheimer downgraded RLJ Lodging Trust, Chatham Lodging Trust, and Braemar Hotels & Resorts to Perform from Outperform. They upgraded Host Hotels to Outperform from Perform. Truist said they expect a mixed bag for 2Q earnings from […]

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In Today's Issue - North America

Companies

21c Museum Hotel, American Heartland, Ashford Hospitality Trust, Aspirant Development, Braemar Hotels & Resorts Inc., Chatham Lodging Trust, Eastdil Secured, Ennismore, Fairfield Inn & Suites, Gran Melia Hotels & Resorts, Hampton by Hilton, Hilton Hotels & Resorts, Home2 Suites by Hilton, Homewood Suites by Hilton, Host Hotels & Resorts, Inc., Hyatt Hotels Corporation, IHG Hotels & Resorts, JW Marriott Hotels & Resorts, Loge Camps, Marriott International, Melia Hotels International, Radisson Hotel Group, Radisson Inn & Suites, RLJ Lodging Trust, Ryman Hospitality Properties, Selina, Starwood Capital Group, Tapestry Collection by Hilton, The Chatwal Hotels, Tru by Hilton, Truist Securities

Locations

Barcelona, California, Colorado, Iowa, Maryland, Michigan, Morocco, Nashville, New York City, North Carolina, Oklahoma, Pennsylvania, Phoenix, St. Louis, United States