Monday, September 11, 2023
North America

JP Morgan Is a Bit More Enthused About Hyatt

  • Financial markets showed mixed performance with the DJIA, Nasdaq, and S&P 500 rising while the 10-year treasury yield also increased.
  • JP Morgan expressed optimism about Hyatt’s future, anticipating growth in RevPAR and an asset-light business model.
  • Various hotel-related developments were reported, including property sales, renovations, and new openings, with several companies expanding their portfolios.

The DJIA rose 87 points, the Nasdaq was up 156, the S&P 500 rose 30 points, and the 10-year treasury yield was up .03 to 4.29%. Lodging stocks were mixed. BHR was up 7%, but that was the only big gainer. SOND was down -8%, AHT was down -6%, and SHCO was down -5% today. JP Morgan reported on investor meetings they held with Hyatt. […]