Accor

The DJIA gained about 1%, or about 270 points, while Nasdaq rallied 2.4%. The S&P 500 added about 1.7%, erasing an earlier decline of 0.7%, and the 10-year treasury yield climbed to 3.58%. It’s been a wild week. Baird upgraded their rating on Choice Hotels International to Outperform. They believe their earnings outlook is improving for 2023-2024 and uncertainties are moving to the rearview mirror. Baird […]

STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week. While a great showing, when compared with the same week in 2019, RevPAR was still down -10%. STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while […]

Reuters published an article on how the hoped for, fast out of the gate, revenge travel by the Chinese following the demise of Zero-Covid has not occurred. Instead of a stampede, it has been more like a fast walk. Reuters described Chinese consumers as returning to hotels, restaurants and some shops, but they are choosy about what they buy. […]

Hilton’s Asia Pacific president, Alan Watts, told Nikkei Asia that they expect hotel guest numbers in China to return to their pre-pandemic levels by year-end. By the fourth quarter, they are expecting to see regular 80% occupancies. Of the 7,000 hotels Hilton runs worldwide, Asia Pacific accounts for about 9% with 672 properties representing 12 brands. […]

The DJIA fell 543 points while Nasdaq was down 238, the S&P 500 fell 74 points and the 10-year treasury yield was down .05 to 3.93%. There were a lot of reasons for the equity markets to go down today but the selling really accelerated after President Biden unveiled his budget. While the budget may have triggered selling, the concerns about banks should […]

The DJIA ended the day down 58 points while Nasdaq was up 46, the S&P 500rose 6 points and the 10-year treasury yield was flat at 3.98%. Lodging stocks were modestly higher. The only mover of note was MCG, up 18%. Membership Collective Group reported strong 4Q results, a profitable quarter, today. In the earnings report they disclosed they would be changing their […]

Mandarin Oriental Singapore is temporarily closing its doors to undergo a six-month transformation. The Marina Bay property will reopen in September 2023, offering a brand new look and feel. The property has 527 rooms, seven food and beverage outlets, a full service luxury spa and many other facilities. The hotel’s multi-million dollar transformation is set to take place […]

The DJIA rose 40 points, Nasdaq was down 13, the S&P 500 was up 3 points, the 10-year treasury yield was up .02 to 3.98% and lodging stocks were mixed. SVC traded up to a new high, SOND jumped 13%, which was only to $1.11, HGV rose 5% but SLNA was down -7% and HT fell -5%. Truist lowered their price target on Park Hotels […]

STR said hotel RevPAR in China was up 58% year over year for the week ended February 25. It was up against a +29.5% comp in 2022. When compared with the same week in 2019, China hotel RevPAR was down -0.6%. The number of foreign tourists arriving in Vietnam in February reached 933,000, up 7.1% versus January. […]

The DJIA rose 5 points, Nasdaq was down 76, the S&P 500 was down 19 points and the 10-year treasury yield managed to stay under 4%, up .08 to 3.994%. Lodging stocks were mixed but the big movers were all to the downside. SLNA traded down another -7% to another all-time low. VCSA and MCG were both down -6%. Service Properties Trust kept its […]

STR said the reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate beyond pre-pandemic comparables for two straight months. The rise in room rates was preceded by improving occupancy which came in at 74.8% in December 2022 and dropped slightly to 69% in […]

Occupancy rates at hotels in Macau rose by 25.4 percentage points in January year over year, reaching 74%. The dropping of entry requirements and the Chinese New Year holiday resulted in 3 star hotels seeing the highest occupancy rate at 79%, up 26.8 percentage points from January 2022. The 4 star hotel occupancy rate was 70.1%, […]