Canadian Hotel Investment Exceeded $2 Billion in 2024
Skift Take
Canadian hotel investment surged in 2024, surpassing $2 billion, driven by strong market fundamentals, investor confidence, and heightened competition for quality assets.
It was a rebound day in the financial markets on Friday, a pause in the serious correction the markets are undergoing. The DJIA rose 675 points while Nasdaq was up 451, the S&P 500 rose 117 points, and the 10-year treasury yield was up .03 to 4.31%. Lodging stocks were higher, with the two biggest gainers, SHCO and SOND, both rising 14% on the day.
Global Accommodations Sector PerformanceFor the Week Ending March 14, 2025
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Truist reported on an investor call they held with Choice Hotels management. While the commentary appeared positive, leaning towards CHH showing how they can be a very defensive play during an economic downturn, with CHH management giv
