Hyatt Regency

Nikkei Asia published an article on how Asian ultraluxury resort companies are expanding into Japan to tap demand from wealthy overseas travelers and to take advantage of the weak yen. The article mentioned Soneva Holdings planning to open resorts in Japan as early as 2027, already signing a contract to purchase a remote island in […]

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 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 fell 70 points, the Nasdaq was up 40, the S&P 500 rose 6 points, and the 10-year treasury yield was down .02 to 4.25%. Lodging stocks were lower. VCSA traded down -9% to another all-time low, and AINC also hit a new low. AHT and SOND were both down -6%, and BHR fell -5% on the day. According to the J.D. Power […]

The Philippines Dept. of Tourism said foreign arrivals reached 3.3 million in the first eight months of 2023, approaching the government’s goal of 4.8 million arrivals for the full year. South Korea remains the top inbound tourist source, with over 940,000 visitor arrivals recorded in the eight months. The US was second with 17.31% of arrivals, or 632,687. […]

STR reported China hotel data for the week ended August 19th. Hotel RevPAR in China rose 44.3% for the week. It was up against a tough 89.7% rise a year ago. Compared with the same week in 2019, China hotel RevPAR was up 12.3%. Savills Vietnam issued a report saying Vietnam still has been one of the destinations drawing great […]

The Philippines Dept of Tourism said they foresee a strong recovery for Philippine tourism and believes they will surpass industry targets this year. From January to July this year, foreign tourism receipts are Php 286 billion, consistent with the over 66% tourism international arrivals recovery they have seen. That is higher than the ASEAN average of 54%. The […]

STR reported China hotel data for the week ended July 1. The end of the first half of the calendar year 2023 was a week that had China hotel RevPAR up 50.4% year over year, up against a decline of -7.6% comp. When compared to the same week in 2019, China hotel RevPAR was up 13.2%. Vietnam’s General […]

The South China Morning Post said Japan’s hotel sector drew a fivefold increase in overseas investment to US$691 million a year to date. A 3.4 billion yen deal by Hong Kong-listed Golden Resources Corporation for Japan’s Ni Corporation is likely to close as soon as the end of this month. Ni Corp owns 133 parcels of land […]

June is coming in like a lion with the second day even better than the first in the markets with the DJIA surging 701 points on an actual economic report. The stronger-than-expected jobs report also helped Nasdaq rise an additional 140, the S&P 500 was up 61 points and the 10-year treasury yield was up .08 to 3.69%. Lodging stocks were higher led […]

Ahead of the long holiday weekend, the DJIA was up 329 points on Friday while Nasdaq was up 278, the S&P 500 was up 54 points and the 10-year treasury yield was somewhat flat at 3.81%. Lodging stocks were higher. SOND popped by 13% but SLNA dropped another -10% to another all time low. VCSA was up 5%. In observance of Memorial […]

The DJIA fell another 35 points but Nasdaq bounced, up 214 while the S&P 500was up 36 points. The 10-year treasury yield was up .10 to 3.81%. It may as well just get to 4% because we all know it is going to threaten that any day now. Lodging stocks were mixed. SLNA and VCSA were the Bobbsey Twins today, both down […]