The Current State of Vacation Ownership
Skift Take
- The DJIA rose 56 points while Nasdaq was up 162, the S&P 500 rose 35 points and the 10 year treasury yield fell .07 to 3.80%. Lodging stocks were modestly higher.
- Truist published a report on Vacation Ownership following 3Q results from the public companies involved in the segment.
- Genuine Hospitality announced the opening of Tru by Hilton Naperville Chicago, the first Tru by Hilton in Illinois.
The DJIA rose 56 points while Nasdaq was up 162, the S&P 500 rose 35 points and the 10 year treasury yield fell .07 to 3.80%. Lodging stocks were modestly higher. SOND was the only real big mover, down -7%.
Truist published a report on Vacation Ownership following 3Q results from the public companies involved in the segment. While they believe the reports and outlooks were generally positive, it was not uniform as HGV had a sizable earnings beat, VAC a smaller one and TNL missed expectations. Truist updated price targets, lowering BVH to $45 from $46, HGV to $62 from $63, TNL to $60 from $72 and VAC was the only one increased, to $205 from $202.
Genuine Hospitality announced the opening of Tru by Hilton Naperville Chicago, the first Tru by Hilton in Illinois. The 121-room hotel offers a multifunctional fitness center, a heated indoor pool and a retail market. Tru by Hilton Naperville Chicago wi
