Bunkhouse

The DJIA was down 56 points but Nasdaq was up 22, the S&P 500 rose 2 points and the 10-year treasury yield seems to be the best trade these days, back up to 3.52%, up .08 today. Lodging stocks were modestly lower. ABNB was the only mover of note, up 5% while SLNA traded down to another all-time low before getting a little […]

The DJIA dropped 286 points, while Nasdaq was down 58, the S&P 500 fell 29 points, and 10-year treasury was up .02 at 3.36%. The Dow Jones U.S. Travel & Tourism Total Stock Market Index was down 1.3 percent. The earnings calendar accelerated in both the REIT and C-Corp section in the past 24 hours. Hyatt received the most attention with a clean beat but then […]

STR reported China hotel RevPAR for the week ended 11/12 was up 17.5% year over year. While that sounds impressive given the surge in Covid cases, when compared with the same week in 2019, pre-pandemic, RevPAR for hotels in China was down -40.5%. Absolute occupancy last week was 51.4% versus absolute occupancy a year ago of 43.4%. China […]

The DJIA fell 39 points while Nasdaq was down 175, the S&P 500 fell 33 points and the 10 year treasury yield was down .11 to 3.69%. Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%. Lodging stocks were modestly lower on the day with the only other mover of note […]

Dajia Insurance Group Co has put three hotels in the U.S. up for sale, hoping to generate US$1.3 billion to take advantage of an expected surge in leisure travel and resort business. The Wall Street Journal reported Dajia put up for sale the Montage in Laguna Beach, California; the Four Seasons resort in Jackson Hole, Wyoming; and the Four Seasons in […]