Crowne Plaza

Finn Partners released the results of their latest report, Outbound Rebound: The Return of Chinese Travelers. The survey was conducted in mid to late-January, started days after the Chinese government lifted international travel restrictions after 3 years. Over 2,000 affluent Chinese in first, second and third tier cities were interviewed. The findings included that one in two affluent […]

The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed. SLNA had the best day in a month or so, up 14% while SOND was down another -6% to another new low. Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is […]

STR reported China hotel data for the week ended March 18. China hotel RevPAR rose 134% on a year-over-year basis, up against an easy -46% comp result in 2022. When compared with the same week in 2019, RevPAR was down -14%. Sabre said after sifting through its extensive shopping and booking data to examine the impact of the reopening […]

The DJIA fell 543 points while Nasdaq was down 238, the S&P 500 fell 74 points and the 10-year treasury yield was down .05 to 3.93%. There were a lot of reasons for the equity markets to go down today but the selling really accelerated after President Biden unveiled his budget. While the budget may have triggered selling, the concerns about banks should […]

IHG Hotels & Resorts said the are pursuing an ambitious expansion plan in Greater China that explores popular and emerging destinations. IHG currently has more than 1,000 hotels operating or under the pipeline. This year they will continue to expand their footprint in Greater China, covering more than 200 cities. In their Luxury & Lifestyle brands segment, Regent received a […]

The DJIA fell 392 points but Nasdaq was up 16, the S&P 500 rose 8 points and the 10-year treasury yield was up .02 to 3.54%. Lodging stocks were modestly higher with no major movers. Investment firm Sortis agreed to acquire Ace Group International for $85 million. The all-cash deal will give Sortis the boutique Ace Hotels brand and its hotel management company. Ace currently has about 10 hotels […]

Hotels in Thailand still want the government to accelerate the launch of the new phase of the domestic stimulus scheme even with an influx of Chinese tourists expected to show up. The Thai Hotels Association said the “We Travel Together” hotel subsidy scheme provides integral support for hotels and domestic tourists in terms of spending but […]

The DJIA fell 113 points, Nasdaq was up 66, the S&P 500 was down 3 points and the 10-year treasury yield was down .05 to 3.52%. How was that for a mixed market? Lodging stocks were mostly lower even as the only movers of note were to the upside. SLNA jumped 13%, MCG was up 7% and AHT rose another 6% on the […]

The DJIA rose 3 points while Nasdaq was down 66, the S&P 500 fell 6 points and the 10 year treasury yield was up .05 to 3.75%. Lodging stocks were modestly higher. SLNA traded down to a new low but VCSA was up 8% and MCG rose 7%. Hyatt Hotels Corporation and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel […]

The supposed reopening trade for China stocks hit a speed bump as the realization set in with investors that Covid cases are not going down, in fact they continue to go up. For the sixth straight day, the number of new cases topped 20,000 with a new seven month high today of more than 26,000. Guangdong is once again […]

STR reported Melbourne, Australia’s hotel performance reached a pandemic era high, according to preliminary October 2022 data from STR. Occupancy for the month was 69.9%, ADR was A$232.07 and RevPAR was A$162.21. The market’s ADR level was the highest for any month on record while occupancy and RevPAR were the highest since February 2020 and November 2019 respectively. […]

Let’s go backwards to give you an overview of today’s market. The 10-year treasury yield plunged 0.32 to 3.83%. That is a nearly 8% drop in the yield on a modestly better CPI report. Back to the regularly scheduled program, the DJIA surged 1,201 points, Nasdaq was up 761, and the S&P 500 rose 208 points. People will look at this and wonder […]