IHG Hotels & Resorts

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 […]

Trip.com data shows the global travel bookings for the summer (June 1 – August 31) already has surpassed the 2019 level with intra-regional travel leading the way. Overall bookings on the Trip.com platform for the summer increased by 170% when compared to the same period in 2022, up by 356% year over year in Asia. European markets are […]

The DJIA ended the day and month down 135 points while Nasdaq was down 82, the S&P 500 fell 26 points and the 10-year treasury yield was down .06 to 3.64%. Lodging stocks were mixed again. SOND was up 11%, SLNA was up 6% and everyone else seemed to be up or down 1% to 2%. Piper Sandler cut their price target on Sotherly Hotels to […]

H World Group, formerly known as China Lodging, has sold one-fifth of its holdings in Indian hospitality company OYO to a United Arab Emirates-based buyer. The transactions were done over the course of 2022 in multiple tranches with about US$9 million going to H World. The return on H World’s investment is 500% and that also values the rest of […]

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% […]

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 […]

The DJIA was down 256 points while Nasdaq was down 76, the S&P 500 fell 30 points and the 10-year treasury yield was up .02 to 3.72%. Lodging stocks were lower. The only mover of note was AHT, down -6%. The common consensus among lodging analysts is that the Choice Hotels/Wyndham Hotels rumor makes little sense and won’t happen. Most brought up what we […]

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 231 points, Nasdaq was down 161, the S&P 500 fell 47 points and the 10-year treasury yield was down .02 to 3.70%. The indexes fell more and more as the day wore on, probably something that will continue until there is movement on how to handle the debt ceiling issue. In the midst of all this, a rumor came out […]

The DJIA fell 140 points but Nasdaq was up 63, the S&P 500 managed a 1 point gain and the 10 year treasury yield was up .03 to 3.72%. Lodging stocks were mostly lower. SOND was the biggest loser, down another -10% whole SLNA traded down to a new all time low, down -6% on the day. Sonder Holdings was cut to Perform from […]

STR reported China hotel RevPAR was up 99% year over year for the week ended May 13. When compared to the same week in 2019, RevPAR was down -7%. STR said Jakarta, Indonesia’s preliminary April 2023 data showed its highest monthly ADR since August 2019. Occupancy was down -1.7% to 45% but ADR was up 32.9% to IDR1,015,991.89 […]