North America
International Spending in U.S. Improves 24% Year Over Year
TD Cowen increased price targets for Hilton and Marriott, maintaining Outperform ratings.
U.S. international travel spending surged in July 2023, with a trade surplus of $777 million.
Various hotel developments and management changes were announced, including HEI Hotels & Resorts' management of Aloft Tampa Downtown and plans for new properties in New Brunswick and Denver, as well as a significant renovation of The Olana mansion in Texas.