Hotel Indigo

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 76 points on Friday while Nasdaq was up 13, the S&P 500 was up 6 points, and the 10-year treasury yield was flat at 4.26%. Lodging stocks were modestly higher. AHT surged 14% to lead the group. AINC traded down another -5% to another new low. SLNA was down another -9%, and SOND fell another – 6%. A new Marriott […]

CoStar and STR analysis show Australia’s recent hotel performance represents normalization as leisure demand has peaked and corporate business is now strengthening. They will be presenting this at the NoVacancy Hotel + Accommodation Industry Expo. Through the first seven months of the year, Australia’s hotel occupancy was 68.2%, up 9.8% from last year but still down -6 points from 2019. ADR […]

Bloomberg reported on the boom in hotel investment in Japan. We recently reported on the appetite Blackstone has for Japanese real estate, particularly hotels. The Bloomberg article expanded on that, saying foreign investors, including Goldman Sachs Group, KKR & Co, and Blackstone, have spent a combined $2 billion on hotel deals in Japan so far this year, the most compared […]

Radisson Hotel Group told the media they will open more premium and luxury hotels in Thailand over the next five years, taking advantage of a rapidly recovering tourism industry there. Radisson plans to open 12 to 15 hotels each year in Thailand, Cambodia, Laos and Vietnam. 70% of them will open in Thailand with the remaining 30% spread across the three […]

The DJIA fell 74 points but Nasdaq was up 36, the S&P 500 was down a point and the 10-year treasury yield was down .06 to 3.71%. Lodging stocks were mixed. SOND was up 9%, VCSA was up 6% but SHCO was down -5% on the day to top the big movers. Choice Hotels International, Inc. is on pace to integrate the nearly […]

The DJIA was up 146 points while Nasdaq was up 111, the S&P 500 was up 30 and the 10-year treasury yield jumped .07 to 3.84%. Lodging stocks were mixed. Raymond James upped their price target on Ryman Hospitality to $115 from $110 They maintained their Outperform rating on the stock. American excitement for travel remains at record high levels, 8.3 on a scale from […]

The DJIA rose 43 points on Friday while Nasdaq was up 21, the S&P 500 was up 5 points and the 10-year treasury yield was up .03 to 3.75%. Despite the indexes rising, lodging stocks were mixed with the only mover of note being SOND, up 23%($0.14). ISI Evercore Group downgraded their rating on Park Hotels & Resorts to In-Line from Outperform. Their target price is $18.50. […]

The DJIA rose 153 points while Nasdaq was up 166, the S&P 500 rose 41 points and the 10-year treasury yield was down .03 to 3.61%. Most people would like all of June to be like this. Lodging stocks were modestly higher. The only mover of note was SLNA, up 6% on the day. Truist issued their May/June RevPAR Monitor. Their latest round of forward-looking […]

The DJIA was down 51 points but Nasdaq was up 42, the S&P 500 was flat and the 10-year treasury yield was down .11 to 3.70%. Lodging stocks were mixed. SOND was up 15% (0.0817) while SOHO jumped 12% as they announced the payment of some special preferred dividends, trying to get preferred shareholders whole again on their past dividends. AHT was up 8% […]

The Fitch Ratings agency said the number of domestic tourism trips taken by Chinese consumers reached 119% of 2019 levels during the recent May Day holiday, aided by strong pent-up demand and the slower return of international flight capacity. Fitch said the domestic recovery trajectory was encouraging for the tourism industry but domestic tourism also benefits […]

The DJIA fell 9 points on Friday while Nasdaq was down 44, the S&P 500 fell 7 points and the 10-year treasury yield was up .07 to just over 3.46%. Lodging stocks were lower. SOND was down another 27% to another all-time low and SLNA also hit a new low. SHCO was down -7% following their earnings report and AHT was also down […]