Sunday, October 8, 2023
North America

U.S. Hotels Enjoy Second-Highest Room Demand Ever for Month of September

  • Stock market indices showed gains on Friday, with DJIA up by 288 points, Nasdaq up by 212 points, and S&P 500 up by 50 points, while the 10-year treasury yield increased to 4.78%.
  • San Francisco saw a significant increase in weekday occupancy, and STR reported a 66.3% occupancy rate for US hotels in September 2023.
  • Several new hotels and renovations were announced, including Aloft Hotel near Fort Lauderdale, Residence Inn in Vail, and the Union Station Nashville Yards.

The DJIA ended Friday with a gain of 288 points while the Nasdaq was up 212, the S&P 500 rose 50 points, and the 10-year treasury yield rose by .07 to 4.78% on the jobs report. Lodging stocks were mixed. TNL traded down to a new low. SHCO was up 6% to lead the group. STR said occupancy for September in the US was 66.3%. The preliminary data […]

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In Today's Issue - North America

Companies

Aloft Hotels, Autograph Collection, Blackstone, Candlewood Suites, Fairfield Inn & Suites, Green Park Management, Habyt, Hilton Hotels & Resorts, Holiday Inn Express, Homewood Suites by Hilton, Hotel Indigo, Hyatt Hotels Corporation, Hyatt House, Hyatt Place, IHG Hotels & Resorts, Mainsail Lodging & Development, Margaritaville Hotels & Resorts, Margaritaville Island Reserve All Inclusive Resorts, Marriott International, Residence Inn by Marriott, Signature Inn, Soho House and Co Inc., Sonesta International Hotels Corporation, Southwest Value Partners, Sunridge Hotel Group, Travel + Leisure Co., Tribute Portfolio, Vail Resorts Hospitality, YM Hospitality

Locations

Alaska, Belize, Budapest, Connecticut, England, Georgia, Idaho, Madrid, Miami, Nashville, Puerto Rico, San Francisco, Vail