Marriott Expands Branded Residences Globally
Skift Take
Marriott International is expanding its Marriott Branded Residences globally, enhancing benefits for Residence Owners through the ONVIA platform and leveraging Marriott's hospitality expertise to attract developers and buyers.
Baird conducted the fourteenth edition of their Investor Sentiment Survey. The survey of buy-side investors found that consensus on the hotel space remains negative, with 59% having an Underweight sector positioning. That is better than the prior survey, which was before 1Q24 results. Host Hotels was selected most often as a high conviction long idea, with 26% picking them, followed by Ryman and Sunstone, both with 19%. SHO and Apple Hospitality saw the biggest increases since the last survey, with Park Hotels declining the most. Baird said Pebblebrook Hotel Trust had 30%, saying they were short, followed by PK, which had 19%. Hilton and Wyndham were selected most often as the ownership brands. Baird said that compared to 90 days ago, approximately half the respondents have a more bearish sector view versus only a quarter that identified as more bullish.
The Baird Hotel Stock Index was up by 4.4% in June, reversing two prior months of declines.
