TMGOC Ventures LLC

Marriott International has completed its acquisition of the citizenM lifestyle brand, which includes 37 open hotels. Plus, other development news.

Barclays and STR forecast modest RevPAR growth of around 2% through 2025, with some softening due to GDP and mixed short-term performance.

After a week mostly spent on vacation, DLR returns with everything you need to know about the lodging industry before the next week starts.

Marriott Vacations exceeded first quarter 2024 expectations, with steady EBITDA performance and a large share buyback, despite underwhelming results in its core Vacation Ownership segment.

Lodging stocks and the broader market traded and closed higher on Friday, but Selina decided to go its own way and closed at a new all-time low.

Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever.

IHG reported strong earnings, including a 10.5% increase in Group RevPAR, but disappointed shareholders by deferring capital returns. The US group business is rebounding well, with top markets nearly fully recovered to 2019 levels. Prominent cities like Austin, Nashville, and Denver exceeded 2019 figures. Various hotel developments and acquisitions are ongoing in different locations, reflecting the industry's resilience and growth prospects. Notably, TMGOC Ventures secured approval to introduce the first Ritz-Carlton in Savannah.

DJIA, Nasdaq, and S&P 500 all experienced declines while the 10-year treasury yield rose to 4.32%. Lodging stocks had mixed performance. Truist updated price targets for lodging/hotel group stocks, with several adjustments both up and down. Various hotels announced renovations, expansions, and new locations, including the Westin Denver Downtown, Hyatt's growth plans, and the EV Evolution Venue Hotel in Tampa and Washington, DC.

In a day that was everything that was expected, the financial indexes and individual stocks were whipsawed. B.Riley lowered their price target on Ashford Hospitality Trust to $6.50 from $9. They maintained their Neutral rating. Jon Bortz , chairman of Pebblebrook Hotel Trust has been on a bit of an insider buying spree the past few weeks. He has purchased a total of 64,000 shares between 2/28 and 3/9 at prices ranging from $14.30 to $14.67.

Wyndham and Hilton kicked off the lodging earnings season, both with solid reports. It was an interesting day with the DJIA up 3 points but Nasdaq down 228. Don’t you love earnings season? Meanwhile, hotel RevPAR for the week ended 10/22 was up 27.8%, according to STR .