Moxy Hotels

Sri Lanka Tourism outlined key strategies to double the arrivals to 1.5 million and generate an income of over $5 billion highlighting the sector as a major economic driver. Their arrivals target for 2024 is 3 million. For this year they believe they are on track for 800,000 arrivals. To get to their income figure, officials […]

The DJIA ended the short session on Friday up 153 points while Nasdaq was down 59, the S&P 500 was down a point and the 10-year treasury yield was down .02 to 3.69%. Lodging stocks were modestly higher on the day. STR reported US lodging data for the week ended 11/19. US hotel RevPAR was up 20.1% year over year while up 19.3% for the same […]

Bloomberg published an article suggesting Fosun International Ltd. is exploring the potential for sales of most of the company’s divisions, seeking capital to repay debt. Bloomberg said the company told advisors its domestic food and beverage business is available for potential investors or buyers, and is considering strategic options for its investment in electric vehicle […]

Let’s go backwards to give you an overview of today’s market. The 10-year treasury yield plunged 0.32 to 3.83%. That is a nearly 8% drop in the yield on a modestly better CPI report. Back to the regularly scheduled program, the DJIA surged 1,201 points, Nasdaq was up 761, and the S&P 500 rose 208 points. People will look at this and wonder […]

The DJIA fell another 147 points, Nasdaq dropped another 182, the S&P 500 fell 40 points and the 10 year treasury yield was up another .07 to 4.12%. Lodging stocks were lower again. SLNA looks like it is going to go down to penny stock status, down another -28% to another new low. BHR was down another -14%, also to a new low. […]

The DJIA jumped 551 points today while Nasdaq was up 354, the S&P 500 was up 95 points and the 10-year treasury yield was up .01 at 4.02%. Lodging stocks were higher. VCSA was up 10%, SOND was up 8%, ABNB was up 7% and SVC was up another 5%, still sporting a dividend yield of more than 10% even after a 33% […]

The DJIA fell 400 points on Friday while Nasdaq was down 328, the S&P 500 fell 86 points and the 10-year treasury yield pierced the 4% ceiling and probably is not done yet, rising another .06 to 4.01%. Lodging stocks were mixed. SVC rose another 4.4%. We had to wonder just how long investors will realize by reinstating their quarterly dividend on […]

The DJIA was up 193, Nasdaq was up 70, the S&P 500 was up 26 points and the 10-year treasury yield was up .03 to 3.29%. Lodging stocks were mixed despite the big rally in the overall market. MCG and SOND were up 9%, VCSA rose 7% while AINC was down -8%. STR reported US lodging RevPAR for the week ended 9/3 was up […]

The DJIA fell 338 points on Friday while Nasdaq was down 154, the S&P 500 was down 43 points and the 10 year treasury yield was down .07 to 3.19%. Lodging stocks did better than the overall market with a mixed bag. SOND was up 7%, AHT was up 6% but VCSA was down -5% to lead the biggest movers. IN OBSERVANCE OF […]

The DJIA fell 154 points but Nasdaq was flat while the S&P 500 fell 9 points and the 10-year Treasury yield was up .02 to 3.05%. Lodging stocks were mixed. The biggest mover was SOND, up 6%. Citigroup upped its price target on Sunstone Hotels to $12 from $10.50. Morgan Stanley upped its price target on Airbnb to $125 from $100. The New York Marriott Marquis announced the completion of an extensive […]