North America
Hotel Winners and Losers in RevPAR Rankings
Lodging stocks were mixed but the big movers were all to the downside. SLNA traded down another -7% to another all-time low. VCSA and MCG were both down -6%.
Service Properties Trust kept its positive momentum going, reporting a 159% increase in normalized FFO in 4Q22.
Xenia Hotels & Resorts reported 4Q results slightly ahead of expectations but gave a mixed 2023 outlook.