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North America
Choice and Wyndham Maintain Baird’s Outperform Ratings
DJIA and S&P 500 rose, Nasdaq was up, and the 10-year treasury yield decreased. Airbnb Co-founder Joe Gebbia sold over $1 billion worth of stock, while ABNB reached a 52-week high. U.S. hotel RevPAR increased, new hotel constructions and acquisitions were announced, and a hotel opening was delayed in Portland. -
Asia-Pacific
Wyndham Bets on Wellness in Phuket
Radisson Hotel Group expands its portfolio in the Asia Pacific region, adding over 60 hotels in Vietnam , India , Thailand , the Philippines , and China . IHG Hotels & Resorts introduces Vignette Collection to Phnom Penh , Cambodia, with the upcoming opening of Vignette Collection Phnom Penh Odom, following the success of Six Senses Krabey Island. Hilton opens Conrad Shenzhen in China’s Qianhai business district, featuring 300 rooms and providing elevated luxury accommodations in the city’s financial center. -
North America
Positive Outlook for RLJ Lodging Trust
Stock Market Update: DJIA, Nasdaq, and S&P 500 all ended the day with gains, reflecting a broad market RLJ Lodging Trust : Baird reports positive investor meetings, highlighting underappreciated growth outlook and company drivers. Hotel Developments: AC Hotels by Marriott planned in East Memphis , acquisition of Westin Annapolis , and Equinox Hospitality ‘s acquisition and rebranding of Four Points by Sheraton San Rafael Marin County. -
North America
Choice Hotels Forecasts Higher-Than-Expected Earnings
Stock market indices showed positive movement, with the DJIA rising 317 points and the Nasdaq up 75 points, while lodging stocks mostly saw gains. IHG Hotels & Resorts clarified that it did not experience a demand reversal for leisure bookings, refuting an earlier misleading report. Choice Hotels issued a business update reaffirming full-year guidance, highlighting a drop in share repurchases and a higher-than-expected 2024 EBITDA projection, possibly indicating upcoming announcements or unique circumstances in the industry. -
North America
Truist Reviews Pebblebrook Markets
DJIA rose 210 points, Nasdaq up 25, S&P 500 up 11; 10-year treasury yield retreated to 4.01%. RW Baird supports Ashford Hospitality Trust ‘s decision to return hotels to lenders, citing improved cash flow prospects. -
Asia-Pacific
Vietnam Has an Oversupply of Hotels
China hotel RevPAR showed significant year-over-year growth of 50.4% for the week ending July 1, 2023, compared to a decline in 2019 and 7.6% decline in the same period. Vietnam’s international visitor numbers reached 70% of their 2023 projection but remained below expectations due to fierce competition and an economic recession. Domestic tourism in Vietnam is also experiencing a decline. Worldwide Hotels Group made significant acquisitions in Melbourne and Singapore , representing the largest hotel transaction in Melbourne in over six years and the largest single-asset Singapore hotel transaction in Asia Pacific in 2023. -
North America
Analysts Become Modestly Less Bullish on U.S. Hotel Companies
Stock market indices, including the DJIA, Nasdaq, and S&P 500, experienced declines on Friday, while the 10-year treasury yield saw a slight increase. Barclays expects some REITs, such as Pebblebrook Hotel Trust and DiamondRock , to be disproportionately impacted by below-expectation revenue per available room (RevPAR), while they believe Apple Hospitality will outperform. Oppenheimer slashed price targets on several lodging stocks, including Chatham Lodging Trust , RLJ Lodging Trust , Braemar , and Apple Hospitality , while maintaining their Outperform ratings on these companies. -
Asia-Pacific
Radisson, Wyndham and IHG Expand Presence in Thailand
Radisson Hotel Group plans to open more premium and luxury hotels in Thailand , Cambodia , Laos , and Vietnam over the next five years, with a focus on popular tourist destinations such as Bangkok , Phuket , Chiang Mai , and Samui Island . Wyndham Hotels & Resorts aims to open over 15 hotels with 5,000 additional rooms in Thailand to catch up with the country’s tourism industry recovery, but they don’t expect a return to pre-pandemic levels until 2024. IHG Hotels & Resorts continues to expand its Hotel Indigo brand in Thailand , with plans to open the Hotel Indigo Bangkok Thonglor in 2026, offering 250 rooms, restaurants, a bar, swimming pool, gym, and meeting spaces. -
North America
Great Wolf Chooses Maryland for Its Largest Resort
Stock market performance: DJIA, Nasdaq, and S&P 500 rose while the 10-year treasury yield was down. Lodging industry updates: Sonder Holdings downgraded, EF Hutton assumes coverage of Selina Hospitality, Ryman Hospitality Properties acquires JW Marriott San Antonio Hill Country Resort & Spa. New hotel developments: Chartwell Hospitality and Rockbridge developing three new hotels, Innisfree Hotels and RREAF Holdings open Fairfield Inn & Suites Pensacola Beach, Great Wolf Resorts opens Great Wolf Lodge Maryland. -
North America
Curator Now Has 100 Member Hotels
Market Update: DJIA up 270 points, S&P 500 rose 23 points, Nasdaq remained flat, and 10-year treasury yield jumped to 3.85%. Lodging Industry News: STR reported a slight decline in hotel RevPAR , but a 12% increase compared to the same week in 2019. Hotel Renovations and Openings: StepStone Hospitality completed a $3.5 million renovation at Fairfield Orlando I-Drive Convention Center, and The Ritz-Carlton Naples reopens after extensive renovations with new amenities and redesigned rooms.