North America
U.S. Rates Are Higher But Not Back to 2019
Airbnb saw its rating cut at Baird to Neutral from Outperform. Baird lowered their price target to $100 from $120.
The U.S hotel industry reported higher performance from the month prior but weakened comparisons with 2019 , according to October 2022 data from STR .
Through Q3 2022 , the U.S. hotel industry exceeded 2019 RevPAR levels by 6.4%, based on data from STR.