Accor’s Optimistic Outlook
Skift Take
- Marriott Vacations missed expectations with their 4Q report, primarily due to their exchange and rental businesses as their core VOI business outperformed.
- Chatham Lodging Trust reported an in-line 4Q for EBITDA. They did not give 2023 guidance.
- Accor reported good results and forecast higher RevPAR for 2023, very optimistic due to the return of the Chinese traveler.
The DJIA was up 109 points, Nasdaq was up 83, the S&P 500 rose 21 points, the 10-year treasury yield was down .04 to 3.88% and lodging stocks for the most part were mixed. MCG was the biggest mover, up 7% while SOND was the biggest decliner, down -6. SLNA traded down to another new low.
Marriott Vacations missed expectations with their 4Q report, primarily due to their exchange and rental businesses as their core VOI business outperformed. The problem is 2023 guidance was weaker so that was probably the deciding factor on whether the stock was going to have a tough day or not.
Chatham Lodging Trust reported an in-line 4Q for EBITDA. They did not give 2023 guidance.
Accor reported good results and forecast higher RevPAR for 2023, very optimistic due to the return of the Chinese traveler. Accor said 2022 RevPAR exceeded 2019 (pre-pandemic) levels by 2%.
Urban Catalyst started
