Marriott Vacations’ New Timeshares Collection
Skift Take
Marriott Vacations Worldwide introduced The Marriott Vacation Clubs City Collection, featuring branded properties in seven cities with plans for expansion to other urban areas, including the addition of two Westin Vacation Club properties.
The DJIA was up 47, Nasdaq was down 20, the S&P 500 was up 6 points, and the 10-year treasury yield was up .01 to 4.21%. Lodging stocks were mixed. New highs were set by HLT, H, TNL, and PLYA, but SOND was down -9%, and SHCOwas down -5%. Last rites may be getting administered to SLNA; the stock plunged another -36% and closed at $0.149 a share.
Compass Point cut their rating on Pebblebrook Hotel Trust to Neutral from Buy. Their price target is $17.
According to data from Stocklytics.com, global travel and tourism expenditures have exceeded US$4 trillion in the past five years, highlighting the enduring appeal of travel and leisure activities. The rebound in the tourism sector has been particularly notable, with global travel and tourism revenues projected to increase by 8.3% in 2024, reaching almost USD 930 billion, marking the highest revenue figure ever recorded in the ind
