Stock prices in the hotel finance segment ticked upward following the release of upbeat travel sentiment surveys. Corporate travel demand indicators improved for the fourth consecutive month, possibly leading to stronger-than-forecast Q3 sector revenues. Frustrated with the way Palo Alto schools taught math, Munger joined the state’s curriculum commission in 2003. He waded into major political spending in 2005, when he gave $100,000 to an unsuccessful redistricting measure backed by former GOP Gov. Arnold Schwarzenegger. The move into midscale opens wider market targets in the medical, military, and university long-stay travel community. These sectors give owners the dual benefits of building higher-rate businesses while extending the length-of-stay window to 30-to-45 days in some cases and six months in others, Williams said. Hotel finance-linked bonds are showing signs of demand resurgence, with secondary market prices up 1.2% week-to-date. This trend is correlated with stronger operating margins in resort destinations. Sensitive debt instruments tied to hospitality cash flow appear less risky amid current tourism momentum.
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