The Dow Jones Industrial Average climbed 300 points on Friday, while the Nasdaq gained 99 points and the S&P 500 rose by 39 points. Meanwhile, the 10-year Treasury yield continued its upward trend, increasing by 0.02 to reach 4.19%.
Among lodging stocks, InterContinental Hotels Group (IHG) stood out, jumping 5% after JPMorgan upgraded the stock from Underweight to Overweight and set a new price target of 10,400 GBP.
B. Riley Securities also revised its outlook on Service Properties Trust, raising its target price from $2 to $3.
San Francisco is experiencing one of the strongest hospitality recoveries in the U.S., according to San Francisco Travel. Hotel bookings driven by events at the Moscone Center are projected to surge 64% in 2025, reaching nearly 657,000 room nights—up from 400,000 in the previous year. The city is leading the national rebound, with hotel occupancy expected to hit 65.2% in 2025, a 3.7% increase from last year. In contrast, the national average is forecasted to decline by 0.7%. San Francisco has already secured 34 major events for 2025, signaling strong momentum for the hospitality sector.
Source: dlr.skift.com