Hilton Hotels & Resorts

The DJIA rose 63 points while Nasdaq was up 193, the S&P 500 rose 36 points and the 10-year treasury yield was up .01 to 4.13%. Lodging stocks were mostly higher, although AINC traded down to a new low on miniscule volume. IHG and RHP both hit new highs. HGV was up 5$ and VCSA was down -5%. Morgan Stanley reported on their recent Global Consumer & Retain Conference. Demand trends in […]

The DJIA fell 70 points, the Nasdaq was down 83, the S&P 500 was down 18, the 10-year treasury yield was down .05 to 4.12% and lodging stocks were mostly lower. IHG did trade up to a new high but most lodging stocks were modestly lower. SOHO traded down -7%. STR commentary on U.S. performance for October 2023 includes: Top-Line Metrics (percentage change from October 2022): Occupancy: 65.8% (-1.8%); […]

It was another strange market today with the DJIA down 80 points, Nasdaq up 44, the S&P 500 down 3 points, and the 10-year treasury yield plunging .12 to 4.17%. Lodging stocks were lower. BHR traded down -6%, VAC, VCSA, and SLNA were each down -5% with SLNA at another all-time low. Wells Fargo initiated coverage on Hyatt, Hilton, and Marriott. WF said that, heading into 2024, they favor operators that cater to group and higher-end business/leisure […]

The DJIA fell 41 points while the Nasdaq was down 120, the S&P 500 fell 25 points. The 10 year treasury yield was up .06 to 4.29% and lodging stocks were mixed. RHP, HLT and IHG traded up to new highs but SLNA was down another -8% to another new low. Morgan Stanley gave a global view of the hotel industry, saying […]

The DJIA rose 295 points on Friday while Nasdaq was up 79, the S&P 500 was up 27 points, and the 10-year treasury yield plunged .13 to 4.23%. Lodging stocks had a very good day. VAC traded down to a new low but bounced, ending the day up 6%. RHP and IHG traded up to new highs. SOHO was the big winner with a 12% gain followed by RHP and AHT, up […]

The DJIA surged 520 points but Nasdaq was down 32, the S&P 500 was up 17 points and the 10-year treasury yield was up .08 to 4.35%. Lodging stocks were modestly higher. SOHO was the biggest mover, down -6% and VAC traded down to another new low. Truist gave their latest observations on forward-looking bookings and pricing trends for mid and higher end US hotels. Truist said they are […]

STR reported China hotel data for the week ended November 25. China hotel RevPAR was up 46.5% for the week. It was up against a +2.2% year-over-year comp. When compared with 2019, China hotel RevPAR was down -2.8% for the week. Curio Collection by Hilton is recognizing a robust year of openings that have paved the way for the brand to reach […]

The DJIA was up 13 points, Nasdaq was down 23, the S&P 500 was up 4 points and the 10-year treasury yield was down another .07 to 4.27%. Lodging stocks were mixed. RHP traded up to another new high, VCSA was up 9% but SOND was down -7% to another all-time low, SLNA fell -17% to another low and VAC also traded down to a low. STR gave US hotel […]

Macau’s Statistics and Census Service said the gaming tourism area hosted more than 245 MICE events in 3Q23, up 231% compared to the same period last year, which was a very easy comp. The number of participants and attendees totaled 545,000. There were 221 events held in 3Q23 for meetings and conferences with the number of […]

The DJIA fell 57 points, Nasdaq was down 10, and the S&P 500 was down 9 points. Not even a .08 drop in the 10-year treasury to 4.39% could lift stocks. The extent of the good news in lodging stocks was that RHP traded up to a new high. SOND plunged another -15% to another all-time low, SLNA was down to another new low, and VCSA stayed just above a new […]

The People’s Republic of China launched a one-year pilot project allowing visitors from Germany, Italy, the Netherlands, Spain, and Malaysia to no longer need a tourist visa. This goes along with the introduction of new flights and increased outreach to Western media to praise cultural relations. Currently, 54 countries can now transit to China visa-free. Malaysia’s Prime Minister announced that visitors from China and India will be granted 30-day […]

B.Riley Securities cut their rating on Ashford Hospitality Trust to $2.50 from $3. They maintained their Neutral rating. STR reported US lodging data for the week ended 11/18. US hotel RevPAR was up 6.3% for the week. Rates were up 7%, offsetting the -0.4% drop in occupancy. Group RevPAR was up 17.7% for the week. Innisfree Hotels has completed the […]