YOTEL

STR reported China hotel RevPAR was up 99% year over year for the week ended May 13. When compared to the same week in 2019, RevPAR was down -7%. STR said Jakarta, Indonesia’s preliminary April 2023 data showed its highest monthly ADR since August 2019. Occupancy was down -1.7% to 45% but ADR was up 32.9% to IDR1,015,991.89 […]

The DJIA fell 367 points, a 250-point rebound from the lows, while Nasdaq was down 132, the S&P 500 was down 48 points and the real action is now in the 10-year treasury, down .14 at 3.44%. Lodging stocks were mixed with MAR jumping 5% and bringing a few C-Corps up with them. AHT was down -6%. Marriott International blew away estimates and […]

The DJIA rose 66 points while Nasdaq was down 35, the S&P 500 rose 4 points and the 10-year treasury yield was down .06 to 3.52%. Lodging stocks were mixed to modestly higher. The lack of volatility in the overall market the past week, even as we get into earnings season, is a bit disturbing. According to the latest STR U.S. bubble chart update, […]

In an amazing recovery from over 700 points down, the DJIA ended the day down only 280 points while Nasdaq rallied to end up 6. The S&P 500 fell 27 points and the 10-year treasury yield plunged another .15 to 4.01%. Lodging stocks were lower but the real damage was on the four names we call the “new age” lodging stocks. Vacasa’s stock […]

Macau’s Statistics and Census Service said the SAR saw a total of 5,700,339 visitor arrivals in 2022, down 26% year on year. The 2022 figure compares with 7.7 million arrivals in 2021 and a record 39.4 million arrivals in 2019. The number of overnight visitors fell 32.8% to 2,484,028 while same day visitors fell 19.8% […]

The DJIA fell 28 points, Nasdaq was down 9, the S&P 500 fell 12 points and the 10-year treasury yield was down .04 to 3.90%. Lodging stocks were mixed. SOND was up 12%, MCG was up 7% and AHT and ABNB both rose 5% on the day. Braemar Hotels & Resorts Inc. reported the company expects to report occupancy of approximately 71% for […]