Hotel Transaction Market Finally Showing 'Actual Signs of Thawing,' Truist Says
Skift Take
Some takeaways from Truist include that the hotel transaction market is finally showing actual signs of thawing, instead of being talked about. Plus, more hotel deal and development news.
The DJIA was up 229 points, while the Nasdaq rose 7, the S&P 500 was up 10 points, and the 10-year treasury yield was down .02 to 4.46%. Yesterday's late profit-taking was reversed as new highs were scored by PK, RLJ, H, VAC, PEB, SHO, XHR, and HST.
Truist said NYU Lodging Conference sentiment was notably improved from the downbeat ALIS conference in January. It did not dismiss the importance of public company CEO messaging, noting Hilton CEO Chris Nassetta's presence at NYU when he was not at ALIS. Some takeaways from Truist include that the hotel transaction market is finally showing actual signs of thawing, instead of being talked about. It noted fewer press releases than usual, something we can agree with, as it only took us two days instead of the usual three or four to cover the ones we selected. While it noted STR/CoStar updated 2026 and 2027 RevPAR forecasts, Truist is the most bullish on the Street, and it believes STR's outlook is maintaining a conservative
