Travel Volume Surge Masks Property Performance Gaps
Skift Take
Colliers' latest report highlights 10 key trends shaping the 2025 U.S. travel and hospitality markets, including record travel volumes, inflation-driven challenges, rising operating costs, and shifting brand and capital dynamics.
The DJIA was up 426 points on Friday while Nasdaq was up only 31, the S&P 500 was up 21 points and the 10 year treasury yield was down .02 to 4.41%. Lodging stocks were higher. TNL traded up to a new high.
Stifel upgraded Pebblebrook Hotel Trust to a Buy from Hold while downgrading DiamondRock Hospitality to Hold from Buy. They upped PEB's price target to $15 from $14.50, lowered DRH's PT to $10.25 from $10.75 and also lowered Host Hotels' target price to $20.50 from $21 while maintaining their Buy rating.
The U.S. hotel industry reported higher performance results from the previous month, according to October 2024 data from CoStar. October 2024 (percentage change from October 2023): Occupancy: 67.3% (+2.3%) ADR: $164.86 (+1.8%) and RevPAR: $110.94 (+4.1%). Among the Top 25 Markets, New York City experienced the highest occupancy level (+4.6% to 91.0%). Markets with the lowest occupancy for the mo
