Red Roof Inn

The DJIA fell 107 points, the Nasdaq was down 32, the S&P 500 fell 10 points, and the 10-year treasury yield was up .05 to 4.37%. Lodging stocks were lower on the day. Sonder announced its reverse split. Interested in attending the Skift Global Forum in NYC September 26-28? As a Daily Lodging Report subscriber, you receive 15%-off full-price tickets. Register here. (You must […]

The DJIA was up 247 points on Friday, while Nasdaq was up 127, the S&P 500 rose 29 points, and the 10-year treasury yield was basically flat at 4.24%. Lodging stocks were modestly higher, with the two movers being SLNA, rising a whole 6 cents, which was 12.5%, and AHT bouncing 5%. Morgan Stanley upped their price target on CHH to $137 from $127 […]

The DJIA rose 82 points, Nasdaq fell 17, the S&P 500 was down a point, and the 10-year treasury yield was down .06 to 3.85%. The Fed may be done with their rate hike today or may not be. Every inflation and jobs report will be scrutinized until we get a clear indication of what they will do. Lodging stocks were mixed. MAR […]

The DJIA rose 367 points while Nasdaq was up 109, the S&P 500 rose 32 points and the 10-year treasury yield was down .01 to 3.79%. Lodging stocks were mostly higher. Both MAR and IHG traded up to new 52-week highs. The Baird/STR Hotel Stock Index was up 6.2% in June on a month-to-month (May) basis. The Hotel Brand sub-index jumped 7.4% from May […]

The DJIA ended the day down 245 points while Nasdaq was down 22, the S&P 500 fell 21 points and the 10-year treasury yield was down .04 to 3.73%. Lodging stocks were lower. SOND was down -10%, AHT was down -8% but SLNA rose 7% on the day. The travel and tourism industry witnessed a massive 41% YoY decline in deal activity from 475 […]

The DJIA was down 110 points, Nasdaq was down 97 points, the S&P 500 was down 24. All three U.S. indexes were on track for week-over-week losses. The 10-year Treasury yield fell to 3.546% Truist gave their 1Q lodging earnings preview. While they continue to see macro over micro with the main driver/wildcard coming from the economic impact of high interest rates […]

The DJIA rose 383 points, Nasdaq was up 45, the S&P 500 rose 35 points and the 10-year treasury yield was up .09 to 3.48%. Lodging stocks were mostly higher but the biggest movers were to the downside. The newly minted penny stocks, VCSA and SOND, both traded down to new lows, dropping another -4% and -7% respectively. SLNA hit a new low, […]

The DJIA ended Friday with a decline of 385 points while Nasdaq was down 87, the S&P 500 fell 44 points, capping another week of lower equity indexes. The 10-year treasury yield was down .19 to 3.40%. Lodging stocks were lower, once again led by the lodging REITs. INN and AHT both fell -7% and CLDT, VCSA, SVC and PK were each down […]

The DJIA fell 85 points while Nasdaq was up 15, the S&P 500 fell 6 points and the 10-year treasury yield was down .05 to 3.93%. Lodging stocks were mixed. AHT was down -5% while SLNA traded down to a new low. The earnings parade continues with REITs dominating the past 24 hours. PebbleBrook Hotel Trust reported 4Q results that matched their pre-announcement but gave […]

The DJIA rose 2 points while Nasdaq was down 56, the S&P 500 fell 7 points and the 10 year treasury yield plunged another .11 to 3.41%. Lodging stocks were mixed. MCG was the big mover, down -8% while VCSA traded down to another new low before bouncing a bit. Morgan Stanley cut their rating on Airbnb to Underweight from Equal Weight, slashing its target price to $80 […]

The DJIA rose 35 points Friday while Nasdaq was down 21, the S&P 500 was down 5 points and the 10-year treasury yield was down .02 to 3.51%. Lodging stocks were mixed. MCG was up 10%. Marriott Vacations Worldwide Corporation announced an increase in its quarterly dividend. Their board declared a cash dividend for the quarter of $0.72 per share of common stock, up […]

The DJIA fell 498 points as investors did not like one of the members of the Fed’s comments about continuing to raise interest rates. Nasdaq was down 177, the S&P 500 fell 62 points and the 10-year treasury yield was up .01 to 3.70%. Lodging stocks were lower. SLNA fell -8% to a new low, VCSA was down -7%, also to a new […]