New Hotel Fees Are on the Way
Skift Take
- The DJIA ended Friday with a gain of 377 points while Nasdaq was up 250, the S&P 500 rose 61 points and the 10-year treasury yield was up .03 to 3.32%. Lodging stocks were modestly higher.
- USA Today published a story, actually a prediction that new hotel fees may be popping up.
- The St. Joe Company and InterMountain Management, LLC announced the commencement of construction on a new hotel in Panama City Beach, FL.
The DJIA ended Friday with a gain of 377 points while Nasdaq was up 250, the S&P 500 rose 61 points and the 10-year treasury yield was up .03 to 3.32%. Lodging stocks were modestly higher. SOND was up 10% while AINC and AHT both rose 5% on the day.
USA Today published a story, actually a prediction that new hotel fees may be popping up. They said the next big hotel fee will be for daily housekeeping charges. They interviewed a bunch of different people with opinion, none directly related to the hotel industry. A Virginia Tech hospitality and tourism professor discussed how he recently stayed at a hotel and was charged a $100 fee for housekeeping and it had not been disclosed before she made the reservation. As for the previous fee uproar, it was over resort fees. ResortFeeChecker.com reported that the number of hotels charging these fees is down 17% from 2018 but the article predicted they are about to make a comeback.
