Barcelona

The DJIA fell 251 points, Nasdaq was down 128, the S&P 500 was down 37 and the 10 year treasury yield was up .08 to 4.99%. We should have started with Fed Chief Powell spoke today so you would know what to expect from the indexes. Lodging stocks were lower. SOHO and VCSA traded down […]

The DJIA fell 431 points while Nasdaq was down 248, the S&P 500 fell 59 and the 10-year treasury yield jumped another .12 to 4.80%. Lodging stocks were lower. New lows were set by VAC and AINC. SOND and AHT were each down -7%, while PEB and ABNB were down -6%. Wedbush initiated coverage on some lodging REITs this morning. Ryman Hospitality and Host Hotels were started at Outperform with price targets of $94 and […]

The DJIA rose 164 points, but Nasdaq plunged 295, the S&P 500 fell 31 points, and the 10-year treasury yield bounced back up .11 to 3.85%. Lodging stocks were lower on the day. Oppenheimer downgraded RLJ Lodging Trust, Chatham Lodging Trust, and Braemar Hotels & Resorts to Perform from Outperform. They upgraded Host Hotels to Outperform from Perform. Truist said they expect a mixed bag for 2Q earnings from […]

The DJIA ended the day up 86 points, a bit of a disappointment after this morning. Nasdaq was up 158, the S&P 500 rose 33 points and the 10-year treasury yield plunged -.12 to 3.86%. Lodging stocks for the most part were lower on the day. SOHO was the big mover, up 13% while MAR traded up to a new high before […]

Airbnb recently reminded hosts that it plans to shutter its email alias feature September 30. The feature enables hosts and guests to email and share documents, such as PDFs of property guides, passports and other IDs from their regular emails accounts without having to log into Airbnb. Airbnb says there are safety reasons for the […]

The DJIA fell 0.37% on Friday while Nasdaq was down 0.18%, the S&P 500dropped 0.20%, and the 10-year treasury yield was up .07 to 3.93%. The Dow Jones U.S. Hotels Index was down 1.3% for the year but was still up 8.6% year-to-date.The Federal Reserve was split on whether the U.S. will avoid a recession this year, the WSJ said. Barclays said with headline […]

The DJIA rose 336 points today while Nasdaq was up 239, the S&P 500 was up 65 points and the 10-year treasury yield bounced back .12 to 3.64%. Lodging stocks were higher. VCSA led with a gain of 6% while SLNA was up 5%. BVH continued its decline, down another -6% today. Raines announced they acquired HP Hotels, a full-service, third party hotel […]