North America
U.S. Hotel Sector Continues Its Recovery
The DJIA gained about 1%, or about 270 points, while Nasdaq rallied 2.4%. The S&P 500 added about 1.7%, erasing an earlier decline of 0.7%, and the 10-year treasury yield climbed to 3.58%. It's been a wild week.
Baird upgraded their rating on Choice Hotels International to Outperform. They believe their earnings outlook is improving for 2023-2024.
IHG Hotels & Resorts continues to demonstrate the strength of its Holiday Inn brand family in Southern Europe