Dallas

The DJIA fell 195 points, Nasdaq was up 14, the S&P 500 fell 4 points and the 10 year treasury yield was down .17 to 3.53%. How is that for a weird market? Lodging stocks were mixed. VCSA was down -5% while SLNA traded down to another new low. Truist gave their observations on the latest forward-looking booking and pricing trends for US hotels and checks with contacts. […]

The DJIA fell 129 points while Nasdaq was down 114, the S&P 500 fell 29 points and the 10 year treasury yield was up .07 to 4.08%. Despite the down markets, lodging stocks were modestly higher even though the two biggest movers were to the downside. SLNA was down another -15%, ABNB fell -7% but VCSA was up 6% and MCG and AHT […]

The DJIA surged 749 points on Friday while Nasdaq was up 245, the S&P 500 rose 87 points and the 10 year treasury yield was down .01 to 4.21%. Lodging stocks were modestly higher. The biggest mover was to the downside with SOND down -6%. According to September 2022 data from STR, Middle East & Africa was the only world region to show an increase in overall […]

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 […]

A new American Express Global Business Travel report suggests hotel rates worldwide will increase again in 2023 thanks to pent up demand for in-person meetings. They expect the rate of increase to be lower than in 2022 due to the economic climate. The report highlights rising hotel rates due to inflation and the challenge of increased corporate and […]

Equity investors were once again willing to give the Federal Reserve Board the benefit of the doubt on the 0.75% rate hike today but then Fed Chief Powell held a press conference and it got ugly pretty quickly. By the close the DJIA was down 522 points, Nasdaq was down 205, the S&P 500 fell 66 points, the 10-year treasury yield was down […]

The DJIA rose 30 points while Nasdaq was up 86, the S&P 500 rose 13 points and the 10-year treasury yield was down .01 to 3.41%. Lodging stocks were mixed. VCSA was up 6%, SOND was up 5% while AINC was down -5%. Truist reported on a call they held with the CEO of hotelAVE. The takeaways included that they saw leisure demand start to […]

You can take your pick on whether today was an oversold or a relief rally. Either way, the DJIA was up 436 points, Nasdaq was up 247, the S&P 500 was up 72 points and the 10-year treasury yield was down .08 to 3.27%. Lodging stocks had a nice bounce led by HT with a 9% gain, MCG up 8%, RHP up 7% […]

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 […]

The DJIA fell 172 points while Nasdaq was down 164, the S&P 500 fell 31 points and the 10 year treasury yield was up .07 to 2.89%. Lodging stocks were lower. SOND plunged -26%, while MCG was down -16%, VCSA was down -8% and AHT was down -6%. SOHO was up another 5%. Membership Collective Group shares took it on the chin […]