U.S. Hotel REITs Forecast to Have a Stronger Year
Skift Take
Colliers expects the overall US lodging demand to grow at 1.3%, mostly on pricing power rather than occupancy. Plus, other hotel deal and development news.
The DJIA sue The DJIA fell 695 points on Friday, a drop of 2.1%. That was nothing compared to Nasdaq's 1,122-point plunge, shaving off over 4%, while the S&P 500was down 201 points or 2.6%. For Nasdaq, that was the biggest drop since Liberation Day in 2025. The sell-off was described as a reaction to economic data, mainly the jobs report, indicating the Fed is likely to raise rates rather than lower them. The glass half full crew will point to this as showing the economy is a lot stronger than people think, something we do see based on hotel executives' commentary. The flip side is that the market, particularly Nasdaq, has soared, with some thinking we have an AI bubble and higher interest rates won't help keep that bubble intact. The 10-year Treasury yield was up .06 to 4.54%. Before the big plunge took place on Friday, we did set a new YTD high in the number of 52-week highs for lodging stocks. That list included XHR, SHO, RLJ, RHP, PK, PEB, MAR, IHG, HST, HLT, H, DRH, CLDT,
