JPMorgan Bullish on Lodging Earnings Season
Skift Take
JP Morgan said optimism abounds heading into earnings season for the lodging group, with U.S. RevPAR up nearly 4% in the first quarter of 2026, exceeding expectations. Plus, hotel deal and development news.
It was a tough day in the markets with oil futures being volatile and then taking a sharp turn higher as the day went on. The DJIA ended the day down 293 points, while the Nasdaq was down 144, the S&P 500 fell 45 points, and the 10-year treasury yield reacted to the inflationary jump in oil, up .04 to 4.29%. Lodging stocks started the day well with new highs set by XHR, ABNB, MAR, CLDT, HST, and PEB, but ended the day mixed.
JP Morgan said optimism abounds heading into earnings season for the lodging group, with U.S. RevPAR up nearly 4% in the first quarter of 2026, exceeding expectations. C-Corps and REIT stocks are up 19% and 12% YTD, respectively. The good news is RevPAR comps get easier as the year rolls on. JPM is expecting positive management commentary, discussing rising US demand trends that may be partially offset by rising risks abroad. JPM expects mostly beats from the C-Corps along with second-quarter guides above consensus. Hyatt may be
