Westin Hotels & Resorts

Ahead of the long holiday weekend, the DJIA was up 329 points on Friday while Nasdaq was up 278, the S&P 500 was up 54 points and the 10-year treasury yield was somewhat flat at 3.81%. Lodging stocks were higher. SOND popped by 13% but SLNA dropped another -10% to another all time low. VCSA was up 5%. In observance of Memorial […]

The DJIA fell 140 points but Nasdaq was up 63, the S&P 500 managed a 1 point gain and the 10 year treasury yield was up .03 to 3.72%. Lodging stocks were mostly lower. SOND was the biggest loser, down another -10% whole SLNA traded down to a new all time low, down -6% on the day. Sonder Holdings was cut to Perform from […]

The Hong Kong Tourism Board announced Hong Kong saw a provisional visitor arrival of 1.462 million in February, three times what arrived in January. This is the first time there were more than 1 million arrivals in a month since the Covid-19 pandemic was declared and it happened in the shortest month of the year. While a very […]

Nepal hotels are complaining they are not seeing the deluge of reservations they would expect at this time of year. The VP of Hotel Association Nepal said a quarter of the hotel rooms are vacant. The Association has 2,000 hotels as members. Only 25% of their 10,000 room nights have been sold. They claim nearly 20% of […]

Vietnam Prime Minister Pham Minh Chinh instructed his cabinet to relax certain visa requirements in a bid to attract more foreign tourists to the country. Bloomberg said Chinh wants to offer visa waivers to more countries, expand their e-Visa program and allow foreigners to stay for longer. Vietnam is targeting 8 million visitor arrivals in 2023. They attracted 18 […]

STR said China Hotel RevPAR, the week ending March 4, was up 67.2% year over year. When compared to the week in 2019, hotel RevPAR in China was down -4%. The Bangkok Post reported that 112,876 room nights were reserved out of 560,000 available within six hours of the latest phase of the hotel subsidy program going live. […]

The DJIA ended today down 232 points while Nasdaq was down 11, the S&P 500fell 12 points and the 10-year treasury yield was down .01 to 3.92%. Lodging stocks were modestly lower. SVC traded up to a new high but ended the day in the red. MCG was the big winner, up 7% while INN was down -7% despite earnings that seemed […]

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, […]

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 […]