Limited Bullishness at NYU Hotel Show
Hotel industry executives showed subdued optimism at NYU Conference amid macro uncertainty and flat transaction growth expectations.
Alua Hotels & Resorts
Ryman, Summit and Apple Report Growth
Ryman and Apple Hospitality both reported earnings beats, with Ryman raising its dividend and Apple buying back shares and tightening guidance, while Summit grew results despite hurricanes.
Alan Woinski and Kim Woinski |
New Hotel Fees Are on the Way
The DJIA ended Friday with a gain of 377 points while Nasdaq was up 250, the S&P 500 rose 61 points and the 10-year treasury yield was up .03 to 3.32%. Lodging stocks were modestly higher.
USA Today published a story, actually a prediction that new hotel fees may be popping up .
The St. Joe Company and InterMountain Management, LLC announced the commencement of construction on a new hotel in Panama City Beach, FL .
Alan Woinski and Kim Woinski |