Oahu

Stock market: DJIA fell 219 points, Nasdaq was down 138, and S&P 500 fell 34 points. Pebblebrook Hotel Trust warns of weaker weekend leisure travel and expects slightly lower 2Q revenue. Various hotel announcements: HHM Hotels launches Echelon Luxury & Lifestyle division, Driftwood Capital acquires Hilton Dallas/Plano Granite Park, LBA Hospitality opens Homewood Suites by Hilton in Greenville, Renaissance Cleveland undergoing renovations, and more.

According to the latest STR U.S. bubble chart update , for the four weeks ending April 15, recovery growth across a range of industry indicators took a small backstep, with occupancy falling from the prior month. Each of the four world regions showed a year-over-year decline in hotel construction activity , with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR. The Hospitality Asset Manager Association released the results of its Spring 2023 Industry Outlook Survey .