Nobu Hotels

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 DJIA rose 547 points on Friday while Nasdaq was up 269, the S&P 500 rose 75 points and the 10-year treasury yield was up .10 to 3.45%. Lodging stocks were higher. VCSA was up 12% while SOND was up 10% but both of them rose less than a dime per share. On the earnings side, RLJ’s reaction was positive, up 5%, while […]

The DJIA rose 525 points, Nasdaq was up 288, the S&P 500 was up 79 points and the 10-year treasury yield jumped .10 to 3.53%. Lodging stocks were modestly higher, with not much of a comeback from yesterday’s sell off. SOND traded down to another all time low. VCSA was up just over a dime, which is 15%. Wyndham Hotels & Resorts received a […]

The DJIA ended the day down 58 points while Nasdaq was up 46, the S&P 500rose 6 points and the 10-year treasury yield was flat at 3.98%. Lodging stocks were modestly higher. The only mover of note was MCG, up 18%. Membership Collective Group reported strong 4Q results, a profitable quarter, today. In the earnings report they disclosed they would be changing their […]

The DJIA rose 208 points while Nasdaq was down 203, the S&P 500 fell 46 points and the 10-year treasury yield was down .02 to 3.65%. Lodging stocks were lower. MCG was down -11%, SOND fell -9%, BHR was down -6% and VCSA ended the day down -5%. STR reported US lodging RevPAR for the week ended February 4. RevPAR was up 26.6% year over year. When […]

The DJIA rose 217 points while Nasdaq was up 69, the S&P 500 rose 14 points and the 10 year treasury yield was down .11 to 3.45%. Lodging stocks were higher with the only big mover of note once again being AHT, up another 6%. Baird gave their 2023 Hotel REIT outlook saying they are taking a more balanced approach in early 2023 as macroeconomic […]

The DJIA fell 195 points, Nasdaq was up 14, the S&P 500 fell 4 points and the 10 year treasury yield was down .17 to 3.53%. How is that for a weird market? Lodging stocks were mixed. VCSA was down -5% while SLNA traded down to another new low. Truist gave their observations on the latest forward-looking booking and pricing trends for US hotels and checks with contacts. […]

STR reported China hotel RevPAR for the week ended August 20 was up 89.7% year over year, up against an easy -43.4%. When going against the week in 2019, China hotel RevPAR was down -21.5%. Absolute occupancy for the week was 64.6%, compared with only 38.1% in the year ago week. Cambodia’s Ministry of Tourism said that […]

The DJIA fell 172 points while Nasdaq was down 164, the S&P 500 fell 31 points and the 10 year treasury yield was up .07 to 2.89%. Lodging stocks were lower. SOND plunged -26%, while MCG was down -16%, VCSA was down -8% and AHT was down -6%. SOHO was up another 5%. Membership Collective Group shares took it on the chin […]

China has locked down part of Tibet’s capital following reports of a Covid-19 outbreak that grew from four to 22 cases on Monday. Tibet previously only had a single case, dating back to 2020 but like we have been saying, Zero-Covid will not work against these new variants because of how transmissible they are. Tibet is another popular vacation spot […]