Wyndham Grand

The DJIA was up 293 points, the Nasdaq rose 239, the S&P 500 rose 64 points, and the 10-year treasury yield was down .09 to 4.12%. Lodging stocks were higher again, with the lodging REITs leading the way. The biggest gainers were AINC, up 6%, and ABNB, up 5%. As for the REITs, the big debate now is whether the Hersha Hospitality/KSL deal means more […]

Hotel Properties Limited co-founder and managing director Ong Beng Seng had a notice of arrest and then bail set. While no charges were filed against Ong, he was detained so he could be asked by the Corrupt Practices Investigation Bureau to provide information on his interactions with Singapore Minister for Transport S Iswaran. The minister is on leave of absence […]

The DJIA rose 317 points while Nasdaq was up 75, the S&P 500 rose 30 points and the 10-year treasury yield was down .03 to 3.98%. Lodging stocks were mostly higher. VCSA was up 9% and AHT was up 5% to lead the gainers. Choice Hotels issued a business update this morning, reaffirming full-year guidance and giving a 2024 EBITDA target that was […]

How high will be too high for May Day Golden Week in China as reports continue to pour in about terrific business, soaring room rates along with a report from Bloomberg that there were roughly 19.7 million railway trips made across the country on April 29. China Railway Group said they expect a record 120 million […]

STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019. Absolute occupancy was 41.4% versus 51.1% the year before week. For now, there are really only two things that matter. The first is getting Covid to peak and start to see cases […]

Macau follows what China’s leadership tells them to and now it is confirmed that Zero Covid is dead. Macau’s Secretary for Social Affairs formally announced that Macau is undergoing a ‘gradual reopening’ as authorities realize they can no longer control the outbreak in the community and mainland Chinese policies shift towards a more open approach. The […]

The DJIA rose 35 points Friday while Nasdaq was down 21, the S&P 500 was down 5 points and the 10-year treasury yield was down .02 to 3.51%. Lodging stocks were mixed. MCG was up 10%. Marriott Vacations Worldwide Corporation announced an increase in its quarterly dividend. Their board declared a cash dividend for the quarter of $0.72 per share of common stock, up […]

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 […]

The DJIA rose 323 points while Nasdaq jumped 208, the S&P 500 rose 59 points, and the 10-year Treasury yield took a breather, down .08 to 3.03%. Lodging stocks were higher. The biggest movers of the day included AHT with a 9% rise, VCSA was up 6% and SOHO resumed its rally, up 5%. Inflation, energy prices, supply chain challenges, labor shortages, and […]

The DJIA rose 61 points, Nasdaq was up 50, the S&P 500 was up 12 points and the 10-year Treasury yield is quickly rising to where it peaked in June, up another .05 to 3.11%. Lodging stocks were mostly higher. SOND was the big winner, up 11%. AHT ended the day up 5%. STR said US RevPAR for the week ended 8/20 was up […]

STR said China RevPAR for the week ended August 13 was up 107.7% year over, up against a -28.9% comparison. When compared with the same week in 2019, China hotel RevPAR was down -14.7%. Absolute occupancy for the week was 66.1%. That compares against and easy 36% comp in the year ago week. According to the […]

The DJIA fell 58 points, Nasdaq was down 151, the S&P 500 was down 18 points, and the 10-year treasury yield was up .03 to 2.80%. The calm was nice while it lasted. Lodging stocks were mixed. The second half of the earnings season included a sparkler from Hyatt, while IHG went back to returning money to shareholders with dividends and up to $500 million […]