Waldorf Astoria Hotels & Resorts

STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week. While a great showing, when compared with the same week in 2019, RevPAR was still down -10%. STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while […]

Singapore has urged Chinese authorities to restore flight capacity between the two nations to pre-Covid levels as soon as possible in a bid to improve business and tourism ties. The Straits Times said Singapore’s Foreign Minister made the request to his Chinese counterpart during a meeting this week. The number of weekly flights between the two is […]

The DJIA fell 0.73% while Nasdaq was down 1%, the S&P 500 fell 0.88% and the 10-year treasury yield was roughly flat at 3.671%. VCSA ended the day down -7%. Hilton checked nearly all the boxes with their earnings report, kicking off lodging earnings season with a bang. EBITDA, RevPAR, EPS all were well above the Street. About the only miss was on net unit […]

Singapore said it is expecting between 12 million and 14 million international visitor arrivals in 2023. That would be more than double the 6.3 million final tally of visitors in 2022 but below the 19.1 million that visited in 2019. The Singapore Tourism Board expects tourism receipts to reach S$18 billion to S$21 billion, up from […]

The DJIA fell 764 points, Nasdaq was down 360, the S&P 500 fell 100 points and the 10 year treasury yield was down .05 to 3.45%. Lodging stocks were lower.  AHT and MCG were down -6%, while VCSA was down -5%, SLNA traded down to a new low. JP Morgan gave their Gaming & Lodging 2023 outlook. JPM said they see more […]

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. […]

STR reported China hotel RevPAR for the week ended December 3. RevPAR was down -2.6% on a year-over-year basis while down -40.2% against the same week in 2019. Absolute occupancy for the week was 49.5%, which compares with 47% during the comparable week last year. More reports are coming out about China’s decision to roll back Covid-Zero rules. People […]

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 fell 351 points while Nasdaq was down 225, the S&P 500 fell 58 points and the 10 year treasury yield was down .09 to 3.51%. What happened to the Santa Claus Rally? SLNA traded down -8% to another new low, VCSA hit another new low but the big decliner was MCG, down -15%. AINC gave back -6% from yesterday’s gain while […]

The DJIA fell 483 points while Nasdaq was down 222, the S&P 500 fell 73 points and the 10 year treasury yield was up .07 to 3.60%. Lodging stocks were lower. AINC was the bright spot, up 15%. SLNA fell another -9% to another all time low. VCSA fell another -6% to another all time low. MCG was down -7%, AHT was down […]

The DJIA ended the short session on Friday up 153 points while Nasdaq was down 59, the S&P 500 was down a point and the 10-year treasury yield was down .02 to 3.69%. Lodging stocks were modestly higher on the day. STR reported US lodging data for the week ended 11/19. US hotel RevPAR was up 20.1% year over year while up 19.3% for the same […]

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 […]