Hyatt Launches Unscripted While IHG Doubles Conversion Signings
Photo Credit: Photo illustration of what a lobby in an Unscripted by Hyatt hotel may look like. Hyatt
Skift Take
Hyatt launches new Unscripted brand with 40 hotels in talks. IHG sees total global conversion signings nearly doubling between 2023 and 2024.
The DJIA ended Friday up 54 points while Nasdaq was down 62, the S&P 500 was flat and the 10-year treasury yield was down .01 to around 4.42%. Lodging stocks were mixed.
Truist Securities lowered their already Street-low 3Q RevPAR growth forecasts, saying it already looks like it will be a miss versus current consensus expectations. They expect company 2025 RevPAR guides to track to the bottom end of the guidance ranges. For US mid and upper-end hotels, Truist Securities lowered RevPAR expectations to a drop of -0.5 to -2.5% from -2% to +1% previously. For 2Q25, they expect flat to +2% for US mid and upper-end hotels. They now expect limited service to be 300 basis points below this range, down another 100 basis points from their previous expectations. Truist Securities downgraded both Airbnb and Park Hotels and Resorts. ABNB is downgraded to Sell from Hold with a $106 price target, down from $112, while PK is downgraded to Hold from Buy with a price ta
