Hampton by Hilton

The DJIA was up 222 points, Nasdaq was up 210, the S&P 500 rose 44 points and the 10-year treasury yield was down .09 to 4.79%. Lodging stocks were mixed. HGV and CHH traded down to new lows. AHT was down -5%. Xenia Hotels & Resorts reported an inline quarter. They slightly reduced their 4Q outlook. XHR repurchased 2.1 million common shares in the quarter […]

The DJIA fell 367 points on Friday while the Nasdaq was up 47, the S&P 500 fell 20 points, and the 10-year treasury yield was flat at 4.85%. Lodging REITs took it on the chin following Pebblebrook Hotel Trust’s earnings report. PEB took the worst of it, down -10%, but RLJ, CLDT, INN, and AHT all hit new lows while quite a few of the lodging REITs – RLJ, CLDT, INN, PK, DRH, and XHR, were down -5% […]

The DJIA rose 205 points while Nasdaq was up 122, the S&P 500 rose 31 points and the 10 year treasury yield was flat at 4.84%. Lodging stocks were higher. We did see another new low on VCSA but SOND was up 8%. Baird gave their updated views of the Choice Hotels and Wyndham situation. Baird said the two sides appear far apart […]

The DJIA was up 13 points, but the Nasdaq was down 34, the S&P 500 was down half a point, and the 10-year treasury yield jumped .14 to 4.85%. Lodging stocks were mixed. The big winner, obviously was Wyndham, up 9%, while Choice Hotels was down -7%. Ashford Hospitality was the other mover of note, up 8% on the day. Choice Hotels went public with an offer […]

The DJIA rose 39 points on Friday, but the Nasdaq was down 167, and the S&P 500 was down 22 points, so it was a down day across most stocks, lodging included. The 10-year treasury yield fell .08 to 4.63%. The only mover of note in lodging stocks was SOND, down -9%. Baird gave a hotel check-in on recent conversations and investor sentiment. […]

Jefferies said they downgraded Marriott Vacations to Hold from Buy, putting them in line with their rating on the other time shares stocks, Hilton Grand Vacations and Travel + Leisure, both also at Hold.  Jefferies said the concerns over the macroeconomic outlook, notably consumer credit and interest rates, are driving a separation of timeshare business merits […]

The DJIA fell 431 points while Nasdaq was down 248, the S&P 500 fell 59 and the 10-year treasury yield jumped another .12 to 4.80%. Lodging stocks were lower. New lows were set by VAC and AINC. SOND and AHT were each down -7%, while PEB and ABNB were down -6%. Wedbush initiated coverage on some lodging REITs this morning. Ryman Hospitality and Host Hotels were started at Outperform with price targets of $94 and […]

The DJIA fell 370 points on the second day of the Fed reaction. Nasdaq was down another 245, the S&P 500 was down 72 points and the best sign of displeasure was in the 10-year yield, jumping .13 to 4.48%. Lodging stocks were lower. SOND’s reverse split is already having the expected effect, down another -10% nearly to another all-time low. Interested in […]

The DJIA fell 107 points, the Nasdaq was down 32, the S&P 500 fell 10 points, and the 10-year treasury yield was up .05 to 4.37%. Lodging stocks were lower on the day. Sonder announced its reverse split. Interested in attending the Skift Global Forum in NYC September 26-28? As a Daily Lodging Report subscriber, you receive 15%-off full-price tickets. Register here. (You must […]

The DJIA surged 332 points while the Nasdaq jumped 112, the S&P 500 rose 38 points and the 10-year treasury yield was up .04 to 4.29%. Lodging stocks were higher but the two big movers were to the downside. VCSA dropped -7% to another new all-time low, while AINC also traded down to a new low on very low volume, down -10% on […]

The DJIA was down 17 points, the Nasdaq was down 1% the S&P 500 down .57%, and the 10-year treasury yield was flat at 4.286%. TD Cowen upped its price target on Hilton to $164 from $148 and on Marriott to $215 from $185. It maintained Outperform ratings on both. Data released by the U.S. National Travel and Tourism Office show that in July 2023, international visitors spent nearly […]

The DJIA was up 38 points, the Nasdaq was up 76, the S&P 500 was up 17 points, and the 10-year treasury yield was unchanged at 4.12%. Lodging stocks were modestly lower on the day. In the Q2 ’23 Global Construction Pipeline Trend Report from Lodging Econometrics, analysts state that the global construction pipeline is 14,572 projects/2,310,238. Worldwide, at the close of […]