North America
U.S. Hotel Performance Stays Strong
The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed.
Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is in line with their recent guidance.
Tourism to and from the U.S . has gradually recovered in 2022 without fully returning to pre-pandemic levels, according to the Commerce Department.