Dallas

If the Fed just issued their statements, we would be so much better off. No rate hike, but then the Fed chief held his press conference and if you bet on the market dropping, you won again. The DJIA fell 77 points but Nasdaq was down 209 while the S&P 500 was down 42 points. The 10-year treasury yield was […]

The DJIA fell 169 points to end the month of August while the Nasdaq was up 16, the S&P 500 was down 7 points, and the 10-year treasury yield was down .03 to 4.09%. Lodging stocks were mixed. Sortis Holdings revealed plans in January to buy Ace Group International and its management firm, Atelier Ace. The $85 million all-cash transaction promised to bring a dozen hotels, […]

The DJIA was up 38 points, the Nasdaq was up 76, the S&P 500 was up 17 points, and the 10-year treasury yield was unchanged at 4.12%. Lodging stocks were modestly lower on the day. In the Q2 ’23 Global Construction Pipeline Trend Report from Lodging Econometrics, analysts state that the global construction pipeline is 14,572 projects/2,310,238. Worldwide, at the close of […]

The DJIA fell 361 points while Nasdaq was down 157, the S&P 500 fell 52 points, and the 10-year treasury yield rose another .04 to 4.22%. Lodging stocks were lower. BHR traded down to a new low. Bernstein downgraded their rating on Marriott International to Market Perform from Outperform. They raised their price target to $218 from $204. Bernstein also upped their price target on Hyatt to $147 […]

The DJIA fell 159 points while Nasdaq was down 110, and the S&P 500 was down 19. Those end-of-day indexes were a huge improvement from the morning plunge in the markets. MAR, CHH, and IHG hit new highs today, but BHR and SLNA were both down -5% on the day. Both Choice Hotels and IHG reported earnings today, and both hit new 52-week highs, a […]

The DJIA fell 150 points Friday while Nasdaq was down 50, the S&P 500 fell 24 points while the 10-year treasury yield dropped notably, down .13 to 4.04%. The trading action is more in Treasuries than stocks these days. Lodging names were mixed; SLNA was the only mover of note, up 6% (although that is only a nickel). It was a mixed day […]

The DJIA was down 67 points, Nasdaq was down 14, the S&P 500 was down 12 points, and we may as well just get it over with and get to 4.50% on the 10-year, with the yield rising another .11 today to 4.19%. Lodging stocks were lower, weighed down by a tough day of earnings reports. SLNA, after that ridiculous trading yesterday, was […]

Pebblebrook Hotel Trust pre-announced in late June, but it still beat expectations though that was mostly due to higher-than-expected business interruption insurance proceeds. PEB repurchased 3.6 million shares in 2Q for $50 million. Their guidance was pretty much in line. According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics, at the close of the […]

The winning streak for the DJIA ended with a 237-point drop today while Nasdaq was down 77, the S&P 500 fell 29 points, and the 10-year treasury yield surged .16 to close at a yield of 4.01%. Lodging stocks were mixed. MAR traded up to a new high, and SOHO was up 8%. Wyndham reported a slight beat, and while the debate is whether […]

The DJIA rose 82 points, Nasdaq fell 17, the S&P 500 was down a point, and the 10-year treasury yield was down .06 to 3.85%. The Fed may be done with their rate hike today or may not be. Every inflation and jobs report will be scrutinized until we get a clear indication of what they will do. Lodging stocks were mixed. MAR […]

The DJIA rose 109 points while Nasdaq was up 4, the S&P 500 rose 11 points and the 10-year treasury yield was down another .05 to 3.74%. Lodging stocks were modestly lower on the day. The biggest percentage mover was VCSA, down -7% while ABNB rose to another 52 week high. Baird gave a 2Q earnings preview, maintaining their Outperform ratings on Choice Hotels […]

While minding my business on the internet recently, I came across this article that claimed Croatia has set tourism records and this summer is set to break all-time highs. The article in the Dubrovnik Times said by June Croatia had received 6.7 million arrivals and over 27 million nightly stays.  Having spoken to sources in […]