Choice Hotels International

The DJIA surged 765 points while Nasdaq was up 234, the S&P 500 rose 90 points and the 10 year treasury yield was down .15 to 3.66%. Lodging stocks were modestly higher. The two big movers were AINC with a gain of 19% and MCG with a drop of -7% to a new low. All the main equity indexes rose 3% today with the DJIA up 825 […]

A new American Express Global Business Travel report suggests hotel rates worldwide will increase again in 2023 thanks to pent up demand for in-person meetings. They expect the rate of increase to be lower than in 2022 due to the economic climate. The report highlights rising hotel rates due to inflation and the challenge of increased corporate and […]

The Fed Sell Off continues in the financial markets as the DJIA fell another 486 points on Friday, Nasdaq was down 199, the S&P 500 fell 65 points and the 10-year treasury yield was down .01 to 3.70%. Lodging stocks were crushed again with the list of new lows getting longer. That list on Friday included WH, HT, PK, TNL, HGV, CHH, IHG, […]

STR reported China hotel RevPAR the week ended September 17 fell -11.5% year over year. When compared with the same week in 2019, China hotel RevPAR was down -40.1%. Absolute occupancy for the week was 49.7% in China, down from 57.1% in the same week in the previous year. Despite STR reporting week after week for the past several […]

The DJIA fell another 313 points, Nasdaq was down 110, the S&P 500 was down 44 points and if you thought mortgages were high before, the 10-year treasury yieldwas up another .08 to 3.57%. Lodging stocks were lower. PLYA was the one difference with investors buying into the share repurchase announcement, up 6%. Have they seen the list of insider selling the […]

The DJIA rose 30 points while Nasdaq was up 86, the S&P 500 rose 13 points and the 10-year treasury yield was down .01 to 3.41%. Lodging stocks were mixed. VCSA was up 6%, SOND was up 5% while AINC was down -5%. Truist reported on a call they held with the CEO of hotelAVE. The takeaways included that they saw leisure demand start to […]

The DJIA rose 27 points, Nasdaq was down 75, the S&P 500 was down 3 points and the volatility was back in the treasuries with the 10-year Treasury yield up .10 to 2.89%. Lodging stocks were higher. VCSA and SOND responded well to earnings, up 33% and 7% respectively. SOHO was up 8% ahead of their earnings report but already gave back some […]

STR reported Sydney, Australia hotel occupancy dipped in July from June. Occupancy in July 2022 was 65.8% while ADR was A$239.96 resulting in RevPAR of A$157.80. Even though that was a decline from June 2022, when compared with July 2019 the ADR and RevPAR levels were higher. Occupancy was -16.1% below July 2019. For the month there were only two […]

The DJIA ended Friday with a gain of 77 points, while Nasdaq was down 63, the S&P 500 fell 7 points, and the 10-year treasury yield was up .16 at 2.84% on the strong jobs report. Lodging stocks were modestly lower, although the two big gainers were to the upside. SVC surged 10% on their earnings report. The vast majority of lodging company […]