Chatham Lodging Trust (CLDT) is experiencing a positive price movement on December 24, 2024, driven by recent developments in the hospitality sector. The Federal Trade Commission's (FTC) finalization of the "junk fees rule" on December 17, 2024, has been a significant factor. This rule mandates upfront disclosure of total prices, including mandatory fees, for short-term lodging, which is expected to enhance transparency and fairness for consumers. The American Hotel & Lodging Association (AHLA) has been a strong advocate for this rule, which is anticipated to improve consumer trust and potentially increase bookings in the hospitality industry, benefiting companies like Chatham Lodging Trust.
Additionally, the AHLA's record-high 33 active partnership agreements, announced on December 20, 2024, reflect a growing interest in diverse business verticals that could keep the hospitality sector competitive. These partnerships, including those with major brands like DIRECTV HOSPITALITY and The Coca-Cola Company, are likely to provide strategic advantages and enhance service offerings, further supporting the sector's growth prospects. Such developments are likely contributing to the positive sentiment around Chatham Lodging Trust.
The current price of Chatham Lodging Trust is $9.20, reflecting a 0.55% increase from the previous close.