The Standard

The DJIA fell 200 points while Nasdaq was down 11, the S&P 500 fell 9 points and the 10-year treasury yield was nearly flat at 3.69%. Lodging stocks were lower despite what seemed like optimism from the NYU show. SOND was down -10% and SHCO was down -6% to top the big movers. Marriott International, Inc. plans to further expand in the affordable midscale […]

Occupancy rates at hotels in Macau rose by 25.4 percentage points in January year over year, reaching 74%. The dropping of entry requirements and the Chinese New Year holiday resulted in 3 star hotels seeing the highest occupancy rate at 79%, up 26.8 percentage points from January 2022. The 4 star hotel occupancy rate was 70.1%, […]

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 169 points on Friday while Nasdaq fell 71, the S&P 500 was up 9 points and the 10-year treasury yield continued its march to 4%, up another .06 to 3.74%. Lodging stocks were lower. SOND was the biggest mover, down -8% while ABNB was down -5% on the day. According to STR, Phoenix’s hotel RevPAR is forecasted to reach $419 for February 10-12, […]

The DJIA rose 113 points on Friday while Nasdaq was up 78, the S&P 500 rose 16 points and the 10 year treasury yield was up .06 to 3.51%. Lodging stocks were mixed but the biggest movers were to the upside. VCSA and SLNA both rose 6% on the day. Goldman Sachs cut its price target on Airbnb to $87 from $98. It maintained its Sell […]

STR reported China hotel RevPAR for the week ended 11/12 was up 17.5% year over year. While that sounds impressive given the surge in Covid cases, when compared with the same week in 2019, pre-pandemic, RevPAR for hotels in China was down -40.5%. Absolute occupancy last week was 51.4% versus absolute occupancy a year ago of 43.4%. China […]

The DJIA fell 39 points while Nasdaq was down 175, the S&P 500 fell 33 points and the 10 year treasury yield was down .11 to 3.69%. Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%. Lodging stocks were modestly lower on the day with the only other mover of note […]

The DJIA fell 400 points on Friday while Nasdaq was down 328, the S&P 500 fell 86 points and the 10-year treasury yield pierced the 4% ceiling and probably is not done yet, rising another .06 to 4.01%. Lodging stocks were mixed. SVC rose another 4.4%. We had to wonder just how long investors will realize by reinstating their quarterly dividend on […]