Florida Leads in Tourism From Abroad
Skift Take
- DJIA down 37 points, Nasdaq up 207, S&P 500 up 30; 10-year treasury yield rises to 4.34%. Lodging stocks mixed, SLNA up 9%, BHR down -6%, VAC trades lower.
- Florida reports strong international visitor numbers, overseas travel up 21.8%, Canadian visitation up 81.1% in H1 2023. Florida sees 70.8 million annual visitors, leading post-pandemic recovery in overseas travelers.
- Grand Galvez hotel joins Marriott's Autograph Collection with elegant renovations. Aloft Chicago Schaumburg transforms former Holiday Inn into 119-room boutique hotel. IHG's Kimpton to open two boutique hotels in Mexico City. Hartsfield-Jackson Airport plans new administration building and mid-tier hotel. New hotel in Milwaukee's Deer District and upgraded Enclave at The Vendue opening in Charleston. US Real Estate Credit Holdings to purchase bankrupt Banyan Cay Resort.
The DJIA fell 37 points, but Nasdaq roared back, up 207, while the S&P 500was up 30 points. The 10-year treasury yield was up .09 to 4.34%. Lodging stocks were lower on the day. SLNA bounced back a little, up 9%, but that was only $0.04 per share. BHR was down -6% to another new low, and VAC also traded down to a new low.
Visit Florida announced they have the strongest number of international visitors since 2019. New estimates from Visit Florida suggest that in the first half of this year, overseas travel is up 21.8%, and Canadian visitation is up 81.1% compared to the same period in 2022. Florida welcomed 33.1 million visitors between April and June, with 1.9 million of those being overseas visitors and 846,000 of them Canadian. Florida also continues to set new records with annual visitation of 70.8 million in Calendar year 2023. Florida is leading the nation in recovering the number of overseas travelers visiting post-pa
