Chatham Lodging Trust (CLDT) is experiencing a notable price increase, driven by a combination of favorable market conditions and investor sentiment. The hospitality sector is seeing a resurgence as travel demand continues to recover, particularly in the U.S. where domestic travel has been robust. This uptick in travel is benefiting hotel real estate investment trusts (REITs) like Chatham Lodging Trust, which focuses on upscale extended-stay and select-service hotels. Additionally, recent economic data indicating a stronger-than-expected consumer spending trend is bolstering confidence in the hospitality industry, further supporting the stock's upward movement.
The current price of Chatham Lodging Trust is $10.00, reflecting a 10.62% increase from the previous close of $9.04.