Series by Marriott Expands to Washington, D.C
Skift Take
Meanwhile, Truist forecasts mid and upper-end U.S. hotel RevPAR growth of 2% to 4%, above Wall Street consensus, while upgrading Airbnb. Plus, more hotel deal and development news.
The DJIA fell 470 points, while the Nasdaq was down nearly 2.4% or 522 points. The S&P 500 was down nearly 2% or 115 points. The 10-year treasury yield was up .09 to 4.42%. It didn't help that oil prices spiked. Lodging stocks were mostly lower.
Truist said its latest observations on forward-looking RevPAR trends for U.S. hotels have it continuing to forecast mid and upper-end U.S. hotels' RevPAR growth of 2% to 4% year over year, with the upper end at or above this range and limited-service at 0.5% to 2.5%. These growth rates are 100 to 200 basis points above what most industry forecasters and Wall Street consensus are currently expecting. They now observe group attrition subsidizing beginning in the third quarter of 2026. For the second quarter of 2026, Truist is maintaining mid and upper-end U.S. hotels' RevPAR forecast of 3.5% - 5.5% and limited-service at 1.5% to 3.5%. For the third quarter of 2026, it is introdu
