A Stellar Quarter for Most Hotels
Skift Take
A strong first quarter for most hotel groups. AHLA released its FIFA World Cup hotel outlook as Marriott, Hilton, and Wyndham report solid early bookings despite concerns. Plus, more hotel deal and development news.
The DJIA ended Friday up 12 points, while Nasdaq surged 441, the S&P 500 rose 62 points, and the 10-year treasury yield was down .03 to 4.36%. Lodging stocks were higher with APLE, IHG, SHO, and RLJ trading up to new highs. SVC was up 6%.
The AHLA, on May 4th, released the FIFA World Cup 2026 Hotel Outlook, highlighting the challenges the hotel industry is facing as the US prepares to co-host the 2026 FIFA World Cup. However, CoStar, Wyndham, Hilton, and Marriott have said that the early hotel bookings pace has been fine. These reports were prepared before the Hantavirus hysteria began. World Cup bookings is a developing issue and must be monitored, given the more universal positive views of the US hotel industry overall.
STR/CoStar reported US hotel data for the week ended 5/2. US Hotel RevPAR was up 3.2% year over year with rates up 2% and occupancy up 1.2%. Group RevPAR was up 2.6%, all on rate.
Marriott International followed up a solid earning
