North America
Wells Fargo Adjusts Ratings for Hotel REITs
Wells Fargo adjusted ratings and price targets for several hotel stocks, upgrading some while cutting price targets for others.
Sunstone Hotel Investors, Inc.
North America
Truist Unveils Forecasts for Hotels
Truist reports slight downward revisions in U.S. hotel booking and pricing trends for 3Q and 4Q, with modest growth expected in 2025, but no signs of a sudden pullback or near-term upside for RevPAR.
North America
Hotel Worker Strikes Could Pick Up Steam
The nationwide hotel strike is intensifying, impacting major hotel chains and owners, with concerns about the long-term effects of either giving in to union demands or enduring prolonged strikes.
North America
Hilton Beats Estimates
Hilton beat estimates and cut guidance, and seemed to have a report that was accepted more than Marriott ’s. The company has raised their net room growth target for the year and it repurchased shares this quarter.
North America
Marriott Expands Branded Residences Globally
Marriott International is expanding its Marriott Branded Residences globally, enhancing benefits for Residence Owners through the ONVIA platform and leveraging Marriott's hospitality expertise to attract developers and buyers.
North America
U.S. Hotel Construction Reaches 16-Month High
The U.S. hotel construction pipeline has reached a 16-month high with significant growth in midscale and economy segments, driven by newer brands and extended-stay projects.
North America
U.S. Hotels Expect a Strong Next 12 Months
U.S. travel demand is robust across hotel segments, driven by higher-income leisure and business travelers, but lower-income travel is declining, and recovery varies by hotel type and market, with international travel lagging behind domestic recovery.
North America
Wyndham’s New Extended Stay Brand Has First Grand Opening
ECHO Suites Extended Stay by Wyndham opened its first location in Spartanburg, South Carolina, marking a milestone for the brand with a development pipeline of nearly 270 hotels.
North America
U.S. Investors Optimistic About the Hotel Market
The 2024 CBRE Global Hotel Investors Intentions Survey indicates U.S. hotel investors are optimistic, with plans to increase investments, despite challenges like debt servicing and rising costs, favoring urban and leisure markets such as New York City, Miami, Charleston, and Boston.
North America
Choice Hotels Repurchases More and More Shares
Choice Hotels' earnings exceeded low expectations, highlighted by aggressive share repurchases that historically benefit the stock.