The Crest Collection

The DJIA fell 9 points on Friday while Nasdaq was down 44, the S&P 500 fell 7 points and the 10-year treasury yield was up .07 to just over 3.46%. Lodging stocks were lower. SOND was down another 27% to another all-time low and SLNA also hit a new low. SHCO was down -7% following their earnings report and AHT was also down […]

Singapore hotels’ average room rate was up 27.7% in December 2022 from a year ago to a new 14 year high of S$285.84. Tourist arrivals rose to 931,337, the highest since the onset of the pandemic.  Philippines President Ferdinand Marcos has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors. The government collects […]