Amex GBT Releases Forecast for Global Hotel Industry
Skift Take
American Express Global Business Travel predicts sustainability, personalized experiences, technology, and flexible pricing will reshape the hotel industry by 2025.
The DJIA fell 410 points today while Nasdaq was down 296, the S&P 500 fell 54 points and the 10-year treasury yield continued its march higher, up another .04 to 4.24%. Percentage-wise, the only two big movers were SOHO, up 9%, and SHCO, down -6%. The earnings reports had some big swings in other names.
Our best way to describe the different reactions to Hilton and Travel + Leisure’s 3Q results today would be to say it wasn’t as much about the earnings results as it was about the recent stock price action and the expectations. HLT stock had been on fire, so although they reported better-than-expected 3Q24 EBITDA and EPS, RevPAR was weaker than expected, their 4Q guidance was lower than expectations, and RevPAR for the full year was guided lower. TNL, on the other hand, had extremely low expectations going into the print, so a good report resulted in a sigh of relief from investors. Truist said it best, calling the&nb
