Le Meridien

STR reported China hotel data for the week ended October 28th. Chinese hotels’ RevPAR was up 88.7% year over year for the week, up against a decline of -17.1% as a comp. When compared with the same week in 2019, RevPAR was up 3.4%. STR said the Asia Pacific region is accelerating its post-pandemic recovery […]

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% […]

Pacific Asia Travel Association said international arrivals across the Asia Pacific region grew in 2022 and have strengthened significantly during 2023. PATA said 2022 saw 44 destinations across the APAC region end with a collective annual gain of almost 124.2 million foreign arrivals, to return a collective inbound count of nearly 265.5 million. That was the strongest […]

Trip.com Group said Chinese tourists flocked to the Middle East during the eight-day Golden Week holiday. After rolling out free visas and increasing flight capacity, Dubai was a big beneficiary. Trip.com told Bloomberg that year-on-year visitation to the region climbed three digits, again a comparison we don’t understand why it gets so much traction since the Zero Covid policy from China had 2021 and 2022 not even worth comparing to. Trip.com also […]

The DJIA fell 382 points while Nasdaq was down 208, the S&P 500 fell 64 points and the 10-year treasury yield was up another .02 to 4.56%.  Lodging stocks were lower. AHT was down -6% to a new 52 week low. Truist held a webinar with corporate travel data company TRIPBAM. They are solely focused on individual/business transient travel. The main takeaways include that booking volumes in mid-September […]

GGRAsia said that 22 hotels associated with Macau casino complexes have their standard rooms sold out for at least three nights of the upcoming Golden Week. That was as of last Thursday. The rooms that are still being listed as available in some properties have hefty room prices of around US$400 a night. Samhi Hotels […]

If the Fed just issued their statements, we would be so much better off. No rate hike, but then the Fed chief held his press conference and if you bet on the market dropping, you won again. The DJIA fell 77 points but Nasdaq was down 209 while the S&P 500 was down 42 points. The 10-year treasury yield was […]

The DJIA fell 150 points Friday while Nasdaq was down 50, the S&P 500 fell 24 points while the 10-year treasury yield dropped notably, down .13 to 4.04%. The trading action is more in Treasuries than stocks these days. Lodging names were mixed; SLNA was the only mover of note, up 6% (although that is only a nickel). It was a mixed day […]

Hotel Properties Limited co-founder and managing director Ong Beng Seng had a notice of arrest and then bail set. While no charges were filed against Ong, he was detained so he could be asked by the Corrupt Practices Investigation Bureau to provide information on his interactions with Singapore Minister for Transport S Iswaran. The minister is on leave of absence […]

The DJIA fell 187 points on Friday while Nasdaq was down 18, the S&P 500 fell 13 points and the 10-year treasury yield was up .01 to 4.05%. Lodging stocks were mixed to higher despite the overall market decline. SOND was back up 9%, BHR and AHT were both up 6%. We expect a lot more jingle mail than just from Park Hotels. Ashford […]

Philippines president Ferdinand Marcos Jr said he is aiming to transform the country into a tourism powerhouse in the coming year, unveiling a new tourism slogan “Love the Philippines”. The nation embarked on a five-year plan to boost visitor numbers and experiences across the country. International tourist arrivals so far this year have reached over 2.02 million with […]

Nepal hotels are complaining they are not seeing the deluge of reservations they would expect at this time of year. The VP of Hotel Association Nepal said a quarter of the hotel rooms are vacant. The Association has 2,000 hotels as members. Only 25% of their 10,000 room nights have been sold. They claim nearly 20% of […]