Homewood Suites by Hilton

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 rose 6 points, the Nasdaq was up 2, the S&P 500 was up 3 points, and the 10-year treasury yield barely budged at 4.32%. Was it a holiday, and nobody publicly declared it? Lodging stocks were lower. The movers of note included VCSA with an 8% rise, SHCO up 5%, and BHR fell -7% on the day.  Interested in attending the Skift Global Forum in […]

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 rose 87 points, the Nasdaq was up 156, the S&P 500 rose 30 points, and the 10-year treasury yield was up .03 to 4.29%. Lodging stocks were mixed. BHR was up 7%, but that was the only big gainer. SOND was down -8%, AHT was down -6%, and SHCO was down -5% today. JP Morgan reported on investor meetings they held with Hyatt. […]

The DJIA was up 293 points, the Nasdaq rose 239, the S&P 500 rose 64 points, and the 10-year treasury yield was down .09 to 4.12%. Lodging stocks were higher again, with the lodging REITs leading the way. The biggest gainers were AINC, up 6%, and ABNB, up 5%. As for the REITs, the big debate now is whether the Hersha Hospitality/KSL deal means more […]

The DJIA fell 291 points while Nasdaq was down 158, the S&P 500 fell 34 points, and the 10-year treasury yield was up another .05 to 4.31%. Lodging stocks were lower. SLNA traded down to an all-time low, down -12%. Also hitting another new low was BHR. Truist held a conference call with JP Ford of Lodging Econometrics. They see steady year-over-year growth in supply in the […]

The DJIA fell 348 points, but Nasdaq was down more than 2% (down 310), while the S&P 500 was down 63 points. The 10-year treasury yield was up .03 to 4.08%. The initial trading when Selina Hospitality completed their SPAC deal was crazy, and today’s action showed they still have a lot of that craziness in their stock. The stock was up more than 50% […]

Pebblebrook Hotel Trust pre-announced in late June, but it still beat expectations though that was mostly due to higher-than-expected business interruption insurance proceeds. PEB repurchased 3.6 million shares in 2Q for $50 million. Their guidance was pretty much in line. According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics, at the close of the […]

The DJIA was up 184 points while Nasdaq was up 26, the S&P 500 rose 18 points, and the 10-year treasury yield was up .02 to 3.86%. Lodging stocks were lower despite the indexes being higher. The biggest mover was to the downside, with SOND falling another -9%. SLNA was up 5%. JP Morgan said they expect relatively unimpressive 2Q23 RevPAR results and a […]

The DJIA rose 164 points, but Nasdaq plunged 295, the S&P 500 fell 31 points, and the 10-year treasury yield bounced back up .11 to 3.85%. Lodging stocks were lower on the day. Oppenheimer downgraded RLJ Lodging Trust, Chatham Lodging Trust, and Braemar Hotels & Resorts to Perform from Outperform. They upgraded Host Hotels to Outperform from Perform. Truist said they expect a mixed bag for 2Q earnings from […]

The DJIA rose 109 points while Nasdaq was up 4, the S&P 500 rose 11 points and the 10-year treasury yield was down another .05 to 3.74%. Lodging stocks were modestly lower on the day. The biggest percentage mover was VCSA, down -7% while ABNB rose to another 52 week high. Baird gave a 2Q earnings preview, maintaining their Outperform ratings on Choice Hotels […]

The DJIA rose 76 points while Nasdaq was up 131, the S&P 500 was up 17 points and the 10-year treasury yield was down .02 to 3.80%. Lodging stocks were mixed. ABNB has made it all the way back to hit a new 52-week high, which is not even close to their all-time high but the stock is getting close to a double from […]