SpringHill Suites

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 […]

The DJIA was up 38 points, the Nasdaq was up 76, the S&P 500 was up 17 points, and the 10-year treasury yield was unchanged at 4.12%. Lodging stocks were modestly lower on the day. In the Q2 ’23 Global Construction Pipeline Trend Report from Lodging Econometrics, analysts state that the global construction pipeline is 14,572 projects/2,310,238. Worldwide, at the close of […]

The DJIA rose 184 points, Nasdaq was up another 215, the S&P 500 rose 48 points, and the 10-year treasury yield was down .13 to 4.20%. Lodging stocks were modestly higher, but the big mover was SOHO dropping -11%. VCSA traded down to another new all-time low. Either the reporters at Dow Jones are bored, or they didn’t get any upgrades the last […]

The DJIA ended Friday with a gain of 105 points, while Nasdaq was down 76, the S&P 500 was down 5 points, and the 10-year treasury yield was up .09 to 4.17%. Lodging stocks were mixed. The big mover was SHCO, up 15% on what some said was a mixed earnings report, and what others said was a result higher than expected. The main […]

The DJIA fell 191 points, NASDAQ was down 162, the S&P 500 fell 32 points, and the 10-year treasury yield was down .01 to 4.01%. While the biggest movers in lodging stocks were to the downside, the group was mixed on the day. BHR was down -6%, while AHT, VCSA, and SLNA each were down 5% on the day. The big takeaway from Service […]

The DJIA jumped 408 points while Nasdaq was up 85, the S&P 500 rose 40 points, and the 10-year treasury yield was up .02 to 4.08%. Lodging stocks were modestly higher. According to the Canada Construction Pipeline Trend Report from Lodging Econometrics, the total construction pipeline in Canada at the close of the second quarter was 275 projects/37,359 rooms. Analysts at LE report that, at the […]

The DJIA fell 348 points, but Nasdaq was down more than 2% (down 310), while the S&P 500 was down 63 points. The 10-year treasury yield was up .03 to 4.08%. The initial trading when Selina Hospitality completed their SPAC deal was crazy, and today’s action showed they still have a lot of that craziness in their stock. The stock was up more than 50% […]

Pebblebrook Hotel Trust pre-announced in late June, but it still beat expectations though that was mostly due to higher-than-expected business interruption insurance proceeds. PEB repurchased 3.6 million shares in 2Q for $50 million. Their guidance was pretty much in line. According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics, at the close of the […]

The DJIA rose 76 points while Nasdaq was up 131, the S&P 500 was up 17 points and the 10-year treasury yield was down .02 to 3.80%. Lodging stocks were mixed. ABNB has made it all the way back to hit a new 52-week high, which is not even close to their all-time high but the stock is getting close to a double from […]

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 […]

The DJIA fell 74 points but Nasdaq was up 36, the S&P 500 was down a point and the 10-year treasury yield was down .06 to 3.71%. Lodging stocks were mixed. SOND was up 9%, VCSA was up 6% but SHCO was down -5% on the day to top the big movers. Choice Hotels International, Inc. is on pace to integrate the nearly […]

The DJIA fell 13 points, Nasdaq was down 157, the S&P 500 was down 20 points and the 10-year treasury yield was down .02 to 3.72%. While the biggest movers in lodging and the indexes were down, lodging stocks were overall more mixed than lower. PLYA and SOND were both down -75 while SLNA dropped -5% on the day. Bank of America Securities downgraded […]