Las Vegas’ and Charleston, S.C.’s Four Seasons

• It was a rough one for Airbnb as investors seemed blindsided by their guidance. The 1Q results were in line but ABNB said they expect 2Q bookings to have slower growth.
• The best thing to be said about Vacasa’s earnings report came from JP Morgan. Their headline was the quarter was better than feared.
• STR reported US lodging data for the week ended 5/6. US hotel RevPAR was up 8.4% year over year.

The DJIA fell 30 points but Nasdaq was up 127, the S&P 500 rose 18 points and the 10-year treasury yield was down .08 to 3.44%. Lodging stocks were all over the place. SOND was up 20% but that is only $0.08 per share. VCSA was down -11% but that was only .095 cents. ABNB was the big mover, down -11% or down […]