The Hotel Industry's Cautious Outlook
Skift Take
ALIS conference sentiment was cautiously optimistic ahead of World Cup, with JP Morgan noting lack of conviction despite positive tone.
The Fed did nothing, stocks basically did nothing with the DJIA up 12, the Nasdaqup 40, the S&P 500 down a point but the 10-year treasury yield was up .03 to 4.25%. Lodging stocks continued to mostly be in the red. While the stocks were mostly lower, we only had one mover of note with WH down 5%.The commentary on the ALIS show is coming out at a rapid pace, and probably the best we saw were the ones that described the tone as cautiously optimistic. With the World Cup taking place in the U.S. this year, having that tone is probably why lodging stocks have continued to be weak these past three days. JP Morgan described sentiment as being more reserved than expected, contrasting with public equity investors’ showing signs of budding optimism. They sensed a lack of conviction, even in those with a positive tone. Barclays said industry forecasters seemed cautious to outright negative, publicly traded C-Corps were relatively more optimistic, and private owners/oper
