CBRE Hotels

The DJIA ended Friday down 109 points while Nasdaq was down 31, the S&P 500fell 6 points and the 10-year treasury yield was up .04 to 3.69%. Lodging stocks were modestly lower. SOND was down -14% after rising in the past week on heavy insider buying. SLNA traded down -8% to another all-time low. STR reported US RevPAR for the week ended May 13 […]

STR reported China hotel data for the week ended May 6. Hotel RevPAR in China was up 140.9% year over year. When compared with the same week in 2019, hotel RevPAR was up 21.2%. The South China Morning Post said Macau’s casinos are still struggling with finding labor as hotel rooms stay shut and the resorts are unable […]

A white paper on the Corporate Travel Management Market said some 84.5% of companies in China are expecting an increase in domestic travel business budgets for 2023. 74.5% expect an increase in international business travel budgets. Trip.com’s Trip.Biz unit released the report with the study noting that business travelers are increasingly eager for a comfortable, safe and efficient […]

An HVS Anarock report on the Indian hotel market shows the number of hotel rooms in tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ago. The share of hotel rooms in metros went down to 19% during the same period. In 2022, 166 new […]

The DJIA was down 80, Nasdaq was up 4, the S&P 500 was flat and the 10-year treasury yield was up .03 to 3.60%, yet another truly mixed session. Lodging stocks were mostly lower but modestly so. VCSA traded down to yet another all-time low. Upper upscale hotels, the property types most associated with business travel, are well represented in the U.S. development […]

Bloomberg published an article saying foreign investors are buying up Japanese hotels at a scale unseen in almost a decade, as the nation’s tourism recovery, weak currency and low-interest rates drive an appetite from abroad. MSCI Real Assets said overseas buyers were responsible for 47% of the 494.3 billion yen (US$3.7 billion) invested in hotel deals that closed […]

The DJIA was up 3 points while Nasdaq was up 91, the S&P 500 rose 15 points and the 10-year treasury yield was flat at 3.29%. Lodging stocks were mostly higher. ABNB completed a lousy shortened week, down another -5% with even CNBC discussing how poorly the stock is trading. SOND traded down to another new low before bouncing a bit and SHCO […]

The DJIA rose 327 points while Nasdaq was down 32, the S&P 500 was up 15 points and the 10-year treasury yield was down .06 to 3.43%. Lodging stocks were mixed. SOND fell another -7% to another all time low. VCSA was down -5% on the day. SSN Hotels is asking the local planning board to approve the construction of two hotels on Hurffville […]

Singapore has urged Chinese authorities to restore flight capacity between the two nations to pre-Covid levels as soon as possible in a bid to improve business and tourism ties. The Straits Times said Singapore’s Foreign Minister made the request to his Chinese counterpart during a meeting this week. The number of weekly flights between the two is […]

The DJIA fell 431 points while Nasdaq was down 215, the S&P 500 fell 57 points and the 10-year treasury yield was up another .03 to 3.84%. Lodging stocks were lower with the exception of SVC, surging 22% on the news below. The new age companies didn’t have a good day with SLNA down -18%, SOND down -10%, MCG falling -9% and VCSA […]

STR said during the seven-day Lunar New Year holiday period, China’s hotel average daily rate surpassed 2019 levels. Occupancy edged closer to the comparable before eventually surpassing it on day seven. Also different from pre-pandemic normal years, many opted for trips to their hometowns as opposed to international travel. Overall 36 of 43 markets in China saw […]

The DJIA rose 169 points on Friday while Nasdaq fell 71, the S&P 500 was up 9 points and the 10-year treasury yield continued its march to 4%, up another .06 to 3.74%. Lodging stocks were lower. SOND was the biggest mover, down -8% while ABNB was down -5% on the day. According to STR, Phoenix’s hotel RevPAR is forecasted to reach $419 for February 10-12, […]