Thursday, August 3, 2023
North America

Earnings Season’s Worst Day This Quarter

  • Marriott Vacations had the worst earnings report, with a significant miss on analyst estimates and a reduced guide.
  • Hyatt and Host Hotels also missed estimates, with Hyatt’s miss tied to leisure and resort exposure.
  • The U.S. hotel construction pipeline is active in markets like Dallas, Atlanta, Phoenix, Nashville, and Los Angeles.

The DJIA was down 67 points, Nasdaq was down 14, the S&P 500 was down 12 points, and we may as well just get it over with and get to 4.50% on the 10-year, with the yield rising another .11 today to 4.19%. Lodging stocks were lower, weighed down by a tough day of earnings reports. SLNA, after that ridiculous trading yesterday, was […]

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In Today's Issue - North America

Companies

AC Hotels by Marriott, Atrium Hospitality, Belmond, CBRE Hotels, Club Quarters, Elite Hospitality, Embassy Suites by Hilton, Four Seasons, Golden Seahorse, Hersha Hospitality Trust, hihotels, Hilton Grand Vacations, Hilton Hotels & Resorts, Holiday Inn, Hospitality 3, Hospitality International Inc., Host Hotels & Resorts, Inc., Hyatt Hotels Corporation, IHG Hotels & Resorts, JLL, Margaritaville Hotels & Resorts, Margaritaville Island Reserve All Inclusive Resorts, Marriott International, Marriott Vacations Worldwide, OTO Development, Oxford Capital Group, LLC, Playa Hotels & Resorts, Red Carpet Inn, Residence Inn by Marriott, Selina, Sonesta International Hotels Corporation, Summit Hotels, Tharaldson Hospitality Management, Thompson Hotels, Vacasa, Watermark Lodging Trust

Locations

Albuquerque, Atlanta, Baltimore, Boston, California, Cancun, Chicago, Dallas, Hawaii, Los Angeles, Miami, Nashville, New Jersey, New York City, Philadelphia, Phoenix, San Francisco, Seattle, Washington DC