Put an extra mint on the pillow... Experiential spending (think: travel, entertainment) is having a moment. And when consumers splurge on trips, they need places to rest their heads. Enter Airbnb, Hyatt, and Marriott, which are set to report this week. Both Marriott and Hyatt are expected to show king-size earnings growth. Airbnb, whose stock is up almost 30% this year, is also predicted to drop big growth. Hotel giant Hilton beat expectations last week after surpassing prepandemic profits, partly thanks to lofty room prices.
Zillow-scrolling returns… as the housing market (slowly) warms up. After hitting a 20-year high in November, mortgage rates have trickled below 7%. Mortgage applications are up, and online brokerage Redfin said that interest from prospective buyers has jumped since a November low. Meanwhile, Zillow said it expects mortgage rates to continue falling. The cos could use the bump after shuttering their pandemic-boom-era iBuyer divisions. Both Redfin's and Zillow's revenue is expected to be down on the year when they report this week.