Katara Hospitality

The DJIA  fell 351 points while Nasdaq was down 225, the S&P 500 fell 58 points and the 10 year treasury yield was down .09 to 3.51%. What happened to the Santa Claus Rally? Braemar Hotels & Resorts Inc. reported preliminary portfolio occupancy of approximately 64% for November 2022 with an ADR of approximately $394 resulting in RevPAR of approximately $253. Marriott International, Inc . announced the completion of an $11 million dollar revitalization of its 395-room Falls Church Marriott Fairview Park , in Falls Church, Virginia .

Looking at  India's  hotel sector , JLL  said contracts in  mid-market and budget brands  grew 74% between January and September 2022 as compared to the same period in 2019. Marriott International’s St. Regis Hotels and Resorts brand announced the opening of the St. Regis Goa Resort. Bengaluru-based real estate developer MS Ramaiah Developers and Builders  plans to invest about Rs 1,100 crore over two years across real estate sectors in Karnataka, Goa, and Andhra Pradesh .

Macau saw 65,677 visitor arrivals over the weekend in the first two days of the National Day Golden Week. Marriott International announced their JW Marriott brand opened the JW Marriott Khao Lak Resort Suites, an all-suite luxury retreat nestled in a serene beachside setting on southern Thailand’s Andaman coast. Hilton Grand Vacations announced the grand opening ceremony for The Beach Resort Sesoko, a Hilton Club.