Sheraton Hotels & Resorts

The DJIA rose 331 points on Friday while Nasdaq was up 288, the S&P 500 rose 74 points and the 10 year treasury yield was up .09 to 3.48%. Lodging stocks were higher. SLNA topped the list with a 10% gain followed by AHT and VCSA, both up 6%. We start today’s newsletter on a sad note as many of you probably heard […]

Thailand rescinded its entry policy which requires visitors to show proof of a Covid-19 vaccination, citing sufficient immunization levels in China and the rest of the world. Thailand’s health minister said checking evidence of vaccinations was inconvenient and a panel of health experts recommended withdrawing the rule that had just been put into effect over the weekend, ahead […]

The DJIA rose 701 points on Friday while Nasdaq was up 264, the S&P 500 rose 87 points and the 10 year treasury yield was down .15 to 3.57%. That is a drop of over 4% in the yield. Lodging stocks were higher with the lodging REITs leading the way thanks to two upbeat updates from BHR and AHT. BHR led the group with […]

STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019. Absolute occupancy was 41.4% versus 51.1% the year before week. For now, there are really only two things that matter. The first is getting Covid to peak and start to see cases […]

The DJIA rose 184 points while Nasdaq was up 123, the S&P 500 rose 30 points and the 10-year treasury yield was up .08 to 3.49%. Lodging stocks were modestly higher. The only big mover of note was MCG, up 8%. Chatham Lodging Trust announced its board of trustees reinstated their common dividend, announcing a fourth-quarter common share dividend of $0.07 per common share. […]

Hong Kong has continued to loosen Covid restrictions, now targeting eventgoers. The New York Times gave them publicity on this, telling them no sweat if you test positive for Covid in Hong Kong. Things like bankers being allowed to leave on a private jet if they test positive, tech executives dining in private rooms and rugby watchers […]

The DJIA fell 28 points, Nasdaq was down 9, the S&P 500 fell 12 points and the 10-year treasury yield was down .04 to 3.90%. Lodging stocks were mixed. SOND was up 12%, MCG was up 7% and AHT and ABNB both rose 5% on the day. Braemar Hotels & Resorts Inc. reported the company expects to report occupancy of approximately 71% for […]

The DJIA fell 94 points, Nasdaq was down 110, the S&P 500 fell 27 points and the 10-year treasury yield was up .01 to 3.89%. Lodging stocks were mostly lower. MCG was the big gainer, up 8% while SOND was the big decliner, down -7%. The parent of Allegiant Air said that damage from Hurricane Ian has caused the company to delay the planned opening […]

Japan Prime Minister Fumio Kishida is pledging to increase inbound tourism spending to more than 5 trillion yen per year. The PM believes Japan can benefit from the yen’s recent fall to 24 year lows against the dollar. This is being said just as the country loosens up its border and Covid policies, including ending a cap on […]

Covid restrictions continue to fall like dominoes. Hong Kong came through with their plan to end their hotel quarantine policy, putting it into effect before October Golden Week, beginning today. Arrivals will no longer need to isolate themselves in a hotel, instead being on the honor system with a three-day self-monitoring period. There will be no more […]

The DJIA rose 197 points, Nasdaq was up 87, the S&P 500 rose 27 points and the 10-year treasury yield was up .04 to 3.49%. Lodging stocks were modestly higher. AINC was the big mover, up 8%. Hersha Hospitality is the latest lodging REIT to announce they have reinstated their quarterly cash dividend on the common shares. HT announced its Board of Trustees approved […]

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 […]