Hilton Increases Canadian Portfolio
Photo Credit: Interior of Canopy by Hilton Toronto - Yorkville Hilton
Skift Take
Hilton's expansion in Canada includes nearly 20 deals signed in 2023, with plans to introduce Spark by Hilton and Motto by Hilton in 2024 – aiming to surpass 200 hotels.
The DJIA was down 11 points, Nasdaq was up 5, the S&P 500 was down 2 points and the 10-year treasury yield continued marching higher, up another .05 to 4.42%. Lodging stocks were mixed. SOND was up another 17%, still way behind their highs but at least they are giving it the old college try. The opposite is SLNA down another -27%, touching the 3 cent number today, another all-time low.
The World Travel & Tourism Council’s 2024 Economic Impact Research revealed that the U.S. Travel & Tourism sector has contributed more to the U.S. economy than any previous year on record, despite the slower return of international visitor spend. According to WTTC’s research, in 2023 the Travel & Tourism sector’s GDP contribution grew by 7% to reach a total of $2.36TN, exceeding the previous year record by $100BN. Sector jobs rose by 656,000 to reach 18MN across the country, breaking the pr
