Florida Keys

The DJIA rose 63 points while Nasdaq was up 193, the S&P 500 rose 36 points and the 10-year treasury yield was up .01 to 4.13%. Lodging stocks were mostly higher, although AINC traded down to a new low on miniscule volume. IHG and RHP both hit new highs. HGV was up 5$ and VCSA was down -5%. Morgan Stanley reported on their recent Global Consumer & Retain Conference. Demand trends in […]

It was another strange market today with the DJIA down 80 points, Nasdaq up 44, the S&P 500 down 3 points, and the 10-year treasury yield plunging .12 to 4.17%. Lodging stocks were lower. BHR traded down -6%, VAC, VCSA, and SLNA were each down -5% with SLNA at another all-time low. Wells Fargo initiated coverage on Hyatt, Hilton, and Marriott. WF said that, heading into 2024, they favor operators that cater to group and higher-end business/leisure […]

The DJIA rose 295 points on Friday while Nasdaq was up 79, the S&P 500 was up 27 points, and the 10-year treasury yield plunged .13 to 4.23%. Lodging stocks had a very good day. VAC traded down to a new low but bounced, ending the day up 6%. RHP and IHG traded up to new highs. SOHO was the big winner with a 12% gain followed by RHP and AHT, up […]

The DJIA rose 2 points on Friday while Nasdaq was up 12, the S&P 500 was up 6 and the 10 year treasury yield remained around 4.44%. Lodging stocks were higher. HLT traded up to another new high. The biggest mover was to the downside with SOND down another -10%. UBS cut their price target […]

The DJIA was down 175 points, Nasdaq was up 8 while the S&P 500 fell 12 points, and the 10-year treasury yield was down .01 to 4.33%. Lodging stocks were mixed. BHR, AHT, and VCSA set new lows. Pebblebrook Hotel Trust became the first to warn that Tropical Storm Hillary could hurt 3Q results. PEB said the storm did not cause any damage to PEB properties […]

The DJIA was down 80, Nasdaq was up 4, the S&P 500 was flat and the 10-year treasury yield was up .03 to 3.60%, yet another truly mixed session. Lodging stocks were mostly lower but modestly so. VCSA traded down to yet another all-time low. Upper upscale hotels, the property types most associated with business travel, are well represented in the U.S. development […]

The DJIA rose 327 points while Nasdaq was down 32, the S&P 500 was up 15 points and the 10-year treasury yield was down .06 to 3.43%. Lodging stocks were mixed. SOND fell another -7% to another all time low. VCSA was down -5% on the day. SSN Hotels is asking the local planning board to approve the construction of two hotels on Hurffville […]

The DJIA ended Friday down 345 points although individual stocks seemed to be down a lot more than the major ones in the indexes. Nasdaq fell 199, the S&P 500was down 57 points and investors surged into treasuries as a safe haven, dropping the yield on the 10-year by .23 to 3.70%. Lodging stocks were lower with the exception of MCG which […]

The DJIA rose 254 points, Nasdaq was up 224, the S&P 500 rose 47 points and the 10 year treasury yield was up .04 to 3.53%. Lodging stocks were higher SOND rose 7%, VCSA was up 6% and SOND and H traded up to a new high. Jefferies gave their ALIS Conference preview saying they anticipate the lodging management teams will provide incremental color on the trajectory […]

The DJIA fell 39 points while Nasdaq was down 175, the S&P 500 fell 33 points and the 10 year treasury yield was down .11 to 3.69%. Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%. Lodging stocks were modestly lower on the day with the only other mover of note […]

The DJIA rose 398 points while Nasdaq was up 97, the S&P 500 was up 38 points and the 10-year treasury yield was up .06 to 4.21%. Lodging stocks were mixed. Choice (CHH) was the big loser, down -9%, while MCG was down -7% and AINC fell -6%. SLNA had a big rebound day in the morning, up 50% but ended the day […]