Four Points by Sheraton

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 did what it has been doing the past few Fridays, jumping 402 points while Nasdaq was up 132, the S&P 500 rose 51 points and the 10 year treasury yield was up .03 to 4.16%. Lodging stocks were mixed. SLNA plunged another -20%, quickly becoming the biggest disaster in a long line of SPAC disappointments in the past year, SLNA […]

The DJIA rose 19 points, Nasdaq was up 27, the S&P 500 was up 10, the 10-year Treasury yield was down .01 to 2.88% and lodging stocks were higher on a calm day in the market. The two big gainers were anything but calm as the big SOHO machine was up another 9%. SOND was also up 9% on the day. B.Riley Securities upped […]