Ascend Hotel Collection

The DJIA fell 191 points but Nasdaq was up 35, the S&P 500 fell 7 points but the 10-year treasury yield was down .09 to 4.84%. Lodging stocks were mixed. While there were no significant movers, new lows were set by VCSA, SVC, AINC and SOHO. SVC now has a dividend yield of 11.24%. HSBC included lodging in their initiation of stocks in […]

CoStar and STR analysis show Australia’s recent hotel performance represents normalization as leisure demand has peaked and corporate business is now strengthening. They will be presenting this at the NoVacancy Hotel + Accommodation Industry Expo. Through the first seven months of the year, Australia’s hotel occupancy was 68.2%, up 9.8% from last year but still down -6 points from 2019. ADR […]

The DJIA fell 361 points while Nasdaq was down 157, the S&P 500 fell 52 points, and the 10-year treasury yield rose another .04 to 4.22%. Lodging stocks were lower. BHR traded down to a new low. Bernstein downgraded their rating on Marriott International to Market Perform from Outperform. They raised their price target to $218 from $204. Bernstein also upped their price target on Hyatt to $147 […]

The DJIA rose 53 points, Nasdaq was up 16, the S&P 500 rose a point, and the 10-year treasury yield was up .07 to 4.08%. Lodging stocks were mixed, but both MAR and HLT traded up to new highs today. Oppenheimer lowered their target price on Ashford Inc to $17 from $20. They maintained their Outperform rating. Apple Hospitality had its price target cut to $18 from […]

Tourism officials in Thailand are hoping for 2 million Russian tourists to visit the Kingdom next year. The Director of the Tourism Authority of Thailand’s Moscow office believes they could hit this record number if Thailand maintains its friendly country status with Russian government officials. Russia’s military invasion of Ukraine has Russian tourists unwelcome in many […]

STR reported China hotel data for the week ended July 8. Hotel RevPAR in China was up 41.5% for the week, up against a very easy -13.9% year over year comparison. When compared with the same week in 2019, China Hotel RevPAR was up 8.8%. InterContinental Shenzhen WECC opened its doors on July 1, 2023, located just […]

The DJIA fell 231 points, Nasdaq was down 161, the S&P 500 fell 47 points and the 10-year treasury yield was down .02 to 3.70%. The indexes fell more and more as the day wore on, probably something that will continue until there is movement on how to handle the debt ceiling issue. In the midst of all this, a rumor came out […]

The DJIA rose 547 points on Friday while Nasdaq was up 269, the S&P 500 rose 75 points and the 10-year treasury yield was up .10 to 3.45%. Lodging stocks were higher. VCSA was up 12% while SOND was up 10% but both of them rose less than a dime per share. On the earnings side, RLJ’s reaction was positive, up 5%, while […]

The DJIA was down 110 points, Nasdaq was down 97 points, the S&P 500 was down 24. All three U.S. indexes were on track for week-over-week losses. The 10-year Treasury yield fell to 3.546% Truist gave their 1Q lodging earnings preview. While they continue to see macro over micro with the main driver/wildcard coming from the economic impact of high interest rates […]

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 […]

The DJIA rose 104 points but Nasdaq was down 30, the S&P 500 was down 3 points and the 10-year treasury yield was down .06 to 3.47%. Lodging stocks were mixed. SOHO was the big gainer, up 26% as they announced they were starting to pay preferred dividends again. SOND was up 9% but MCG fell -14%. Truist said they are finding the sentiment at […]

The DJIA rose 217 points while Nasdaq was up 69, the S&P 500 rose 14 points and the 10 year treasury yield was down .11 to 3.45%. Lodging stocks were higher with the only big mover of note once again being AHT, up another 6%. Baird gave their 2023 Hotel REIT outlook saying they are taking a more balanced approach in early 2023 as macroeconomic […]