North America
U.S. Group Bookings Increase While Biz Travel Lags
The DJIA rose 323 points while Nasdaq jumped 208, the S&P 500 rose 59 points, and the 10-year Treasury yield took a breather, down .08 to 3.03%.
Inflation, energy prices, supply chain challenges, labor shortages, and regional developments are pushing the forecast for full recovery into 2026, instead of the previously forecasted 2024.
According to the latest monthly data from STR and CoStar , the number of groups booking U.S. hotel rooms continued to increase in June, although individual business travel continued to lag.