Westin Hotels & Resorts

STR reported hotel RevPAR in China rose 31.5% the week ended January 14. When compared with the same week in 2019, RevPAR was down -28.1%. The Chinese Ministry of Culture and Tourism announced the country has decided to resume outbound group travel to selected countries including Sri Lanka early next month. The pilot program will take effect on February 6 to […]

The DJIA fell 252 points, Nasdaq was down 105, the S&P 500 fell 30 points and the 10-year treasury yield was up .02 to 3.40%. It seemed like there were more lodging stocks in the green than the red despite the overall market. The two biggest movers were to the downside with SLNA down -7% and VCSA falling -6% on the day. Wells […]

The DJIA fell 614 points while Nasdaq was down 138 and the S&P 500 was down 62 points. The 10 year treasury yield was down .16 to 3.38%, a drop of more than 4.5% on the yield. Lodging stocks were mostly lower. VCSA was down -12%, SOND was down -8% but MCG was up 5% on the Buy rating below. Roth initiated coverage on Membership Collective […]

The DJIA fell 349 points while Nasdaq was down 233, and the S&P 500 fell 56 points. Amazingly enough, that was a recovery of more than half what the declines were earlier in the day. The 10-year treasury yield was down .02 to 3.67%. Lodging stocks were mostly lower with a long list of new lows, many of them REITs. New lows were […]

The DJIA fell another 163 points, Nasdaq was down 159, the S&P 500 was down 35 and the 10-year treasury yield went back up quick, up .10 to 3.58%. Lodging stocks were down, nearly across the board. ABNB, SLNA and VCSA all traded down to new 52-week lows. AINC was down -9% on the day and SOND fell -7%. Baird picked the hotel real-estate investment […]

The DJIA rose 3 points while Nasdaq was down 66, the S&P 500 fell 6 points and the 10 year treasury yield was up .05 to 3.75%. Lodging stocks were modestly higher. SLNA traded down to a new low but VCSA was up 8% and MCG rose 7%. Hyatt Hotels Corporation and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel […]

Goldman Sachs said the Chinese government still needs to keep its Zero-Covid policy until probably the April-June quarter. This follows the commentary over the weekend, once again, that the government will maintain the policy even as global stock markets buy China-related stocks in hopes of a reopening soon. China reported its highest number of Covid-19 infections in six months on […]

Chinese authorities signaled a move to ease international travel requirements, just a couple of days after President Xi reiterated his Zero-Covid policy. In a joint notice issued by regulators, the government asked authorities to make it more convenient for multi-national companies’ executives, technicians and their families to travel to China. The notice said all localities […]

The DJIA fell 643 points while Nasdaq was down 2.6% or 324 points while the S&P 500 fell 90 points. The 10-year treasury yield was up .05 to 3.04%. When it comes down to it, interest rates drive equity declines or gains. Lodging stocks were lower. AHT was the big mover, down -8%. Raymond James believes the recovery in global travel still has plenty […]

The DJIA ended Friday with a gain of 77 points, while Nasdaq was down 63, the S&P 500 fell 7 points, and the 10-year treasury yield was up .16 at 2.84% on the strong jobs report. Lodging stocks were modestly lower, although the two big gainers were to the upside. SVC surged 10% on their earnings report. The vast majority of lodging company […]