North America
U.S. Hotel Construction Increased in December
After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December.
Wells Fargo cut their price target on Airbnb to $130 from $165. They maintained their Overweight rating.
STR said US hotel RevPAR the week ended 1/14 was up 33.1%. RevPAR was up 9.4% versus the same week in 2019.