ALIS Hotel Conference Preview
Skift Take
- Jefferies gave their ALIS Conference preview saying they anticipate the lodging management teams will provide incremental color on the trajectory of lodging in a variety of economic scenarios.
- Marriott International, Inc. announced the company’s deal signings accelerated again in 2022. The company signed a total of 726 management and franchise agreements.
- Wyndham Hotels & Resorts is setting its sights on a continued expansion in 2023, following a banner year that saw the company cap multiple milestones and accomplishments across the globe.
The DJIA rose 254 points, Nasdaq was up 224, the S&P 500 rose 47 points and the 10 year treasury yield was up .04 to 3.53%. Lodging stocks were higher SOND rose 7%, VCSA was up 6% and SOND and H traded up to a new high.
Jefferies gave their ALIS Conference preview saying they anticipate the lodging management teams will provide incremental color on the trajectory of lodging in a variety of economic scenarios. Jefferies is focused on top line risks which they think manifest in 2H23. Clearly there is a lot of uncertainty from Wall Street on the lodging sector, less so it seems from executives. What we always enjoy is listening to the commentary and seeing the tone of ALIS and then comparing it to the NYU show in early summer. We cannot remember a time when the tone or the commentary was the same. Just think of three years ago when everyone brushed off Covid, at that time the Pneumonia of Unknown Origin, as nothing to worry about. In fact we were the only ones that said differently, arguing this was SARS on steroids, having the one thing SARS did not have, transmissibility. The rest is history.
Marriott International, Inc. announced the company’s deal signings accelerated again in 2022. The company signed a total of 726 management and franchise agreements, an increase of 21% over 2021 signings, representing nearly 108,000 rooms. In addition, Marriott’s City Express transaction is expected to add around 17,000 rooms. Conversions helped drive signings activity, contributing to a robust 20,500 rooms, or approximately 20% of rooms signed during the year. Half of the 2022 rooms signed were in international markets. During the year, the company added 394 properties, representing more than 65,000 rooms, growing the system 4.4%. With a portfolio of nearly 500 luxury hotels and resorts in 69 countries and territories, Marriott is poised to extend its lead in luxury with a record 42 luxury hotel agreements signed last year, representing nearly 8,000 rooms. Select service development opportunities continue to be a key growth driver for Marriott, representing three-qua
