Hurricane Ian's Impact on Florida Hotels
Skift Take
- The DJIA surged 765 points while Nasdaq was up 234, the S&P 500 rose 90 points and the 10 year treasury yield was down .15 to 3.66%.
- Raymond James reported on hotels impacted by Hurricane Ian’s decimation of southwest Florida. While Tampa Bay dodged the bullet, Sarasota all the way down took a hit led by Naples, Fort Myers, Sanibel, Captiva, Boca Grande, Venice and Punta Gorda.
- Aimbridge Hospitality announces its international division, Interstate Hotel & Resorts has launched its new corporate identity, formally debuting as the Aimbridge EMEA division.
The DJIA surged 765 points while Nasdaq was up 234, the S&P 500 rose 90 points and the 10 year treasury yield was down .15 to 3.66%. Lodging stocks were modestly higher. The two big movers were AINC with a gain of 19% and MCG with a drop of -7% to a new low.
Raymond James reported on hotels impacted by Hurricane Ian’s decimation of southwest Florida. While Tampa Bay dodged the bullet, Sarasota all the way down took a hit led by Naples, Fort Myers, Sanibel, Captiva, Boca Grande, Venice and Punta Gorda. We can tell you that what you are seeing on TV may be horrifying, it pales in comparison to what is really happening. Whether it was storm surge in Ft Myers, 150 MPH winds and 200 MPH Tornados in Boca Grande/Englewood, it is going to take a very long time to recover completely from this even if there has been a lot of progress the first four days. Raymond James said the most damage was done from Naples towards
