Aloft Hotels

The DJIA was up 338 points while Nasdaq was up 97, the S&P 500 was up 42 points, while the 10-year treasury yield was down nearly .02 to 4.00%. Lodging stocks were modestly higher. SOHO led the group, up 7% while INN was up 5%. Evercore ISI Group upped its rating on DiamondRock Hospitality to Outperform from In-Line. US Travel’s latest Business Travel Tracker finds American companies […]

Bloomberg reported that hotel rooms in Singapore are now the most expensive in almost a decade as the city-state seeks to position itself as the tourism and business destination in Asia. The average hotel room rate in Singapore rose nearly 70% year on year in July to S$259, the highest since September 2021. Visitor arrivals continue to […]

Fed Chief Jerome Powell once again roiled the financial markets with a speech. His legacy is that he was a good leader of the Fed who never should have held a press conference because his comments always seem to have a negative effect on the market. The DJIA plunged 1008 points on Friday while Nasdaq was down 498, the S&P 500 fell […]