All Hotel Classes Are Showing ADR Recovery
Skift Take
- The DJIA fell 400 points on Friday while Nasdaq was down 328, the S&P 500 fell 86 points and the 10-year treasury yield pierced the 4% ceiling and probably is not done yet.
- According to CoStar, boutique hotels are performing well in 2022 and all classes show recovery in ADR, surpassing 2019 peak levels and leading the U.S. hotel industry.
- Hilton and Dittmar Company announced the signing of Hilton at The Key, Arlington-Rosslyn, located just minutes from Washington D.C. in Arlington, VA.
The DJIA fell 400 points on Friday while Nasdaq was down 328, the S&P 500 fell 86 points and the 10-year treasury yield pierced the 4% ceiling and probably is not done yet, rising another .06 to 4.01%. Lodging stocks were mixed. SVC rose another 4.4%. We had to wonder just how long investors will realize by reinstating their quarterly dividend on Thursday, SVC gives them a 10%+ dividend yield even after the two-day 30% surge in stock price.
According to CoStar, boutique hotels are performing well in 2022 and all classes show recovery in ADR, surpassing 2019 peak levels and leading the U.S. hotel industry. Occupancy hasn’t quite recovered to 2019 levels and partially the reason is that lifestyle and upper-upscale independent boutique hotels are slightly behind in RevPAR. Lifestyle hotels also reported very large supply growth through June 2022. Compared to 2019, the strongest RevPAR increases were
