North America
New York City Continues Its Hotel Recovery
The DJIA fell another 313 points, Nasdaq was down 110, the S&P 500 was down 44 points and if you thought mortgages were high before, the 10-year treasury yield was up another .08 to 3.57%.
Playa Hotels & Resorts announced its board of directors reauthorized the repurchase of up to $100 million of the company’s outstanding shares.
According to Hodges Ward Elliott's Q2 report , the New York City hospitality sector continues its recovery as travel surges and hotels reopen.