Business Travel Will Return to Pre-Pandemic Levels by Late 2023
Skift Take
- The DJIA fell 154 points but Nasdaq was flat while the S&P 500 fell 9 points and the 10-year Treasury yield was up .02 to 3.05%.
- Citigroup upped its price target on Sunstone Hotels to $12 from $10.50.
- Morgan Stanley upped its price target on Airbnb to $125 from $100.
The DJIA fell 154 points but Nasdaq was flat while the S&P 500 fell 9 points and the 10-year Treasury yield was up .02 to 3.05%. Lodging stocks were mixed. The biggest mover was SOND, up 6%.
Citigroup upped its price target on Sunstone Hotels to $12 from $10.50.
Morgan Stanley upped its price target on Airbnb to $125 from $100.
The New York Marriott Marquis announced the completion of an extensive renovation. Situated at the epicenter of Times Square, the comprehensive transformation includes 1,971 newly designed guestrooms and over 110,000 square feet of modern meeting and event spaces. New York Marriott Marquis has now partnered with Union Square Hospitality Group and Union Square Events on the food and beverage concepts at three updated restaurants, as well as the catering for hotel events. The property also features an expansive eighth-floor
