France

Good morning, folks! Remember the story yesterday on the UK’s housing crisis? Well now there are talks of converting a golf club on the outskirts of London into 650 affordable homes AND pay for additional community facilities, including a gym and an upgraded golf clubhouse. Who’s holding their breath? I am not.  On the agenda […]

The DJIA was up 84, Nasdaq was up 41, the S&P 500 was up 4 points, and the 10-year treasury yield was down 0.05 to 4.34%. Lodging stocks were mixed. RHP traded up to another new high, but SOND was down another -6% to another all-time low. SLNA and VCSA also traded down to new all-time lows, but VCSA bounced, ending up 5% for the day. STR’s global update as of […]

Good morning, readers! I hope you’re have your reading glasses on, this is a long one. Let’s hit it. On the menu today: Winter Release Upgrades The much-awaited Airbnb’s winter release is here. Among the list of embellishments is “Guest Favorites,” new tools for hosts and a review revamp.  The Guest favorite badges will be […]

Hope you’re having a good week so far. Hello from across the pond — I’m in London bringing you a European edition today. I was here to moderate a panel discussion at the Short Term Rentalz Summit yesterday and it was delightful.  The crowd was energetic and lively, the sessions were engaging and entertaining and […]

The DJIA rose 43 points, Nasdaq was up 60, the S&P 500 was up 17 points and we told you it would happen, the 10-year treasury yield soared .10 to 4.54%. All those who held out locking in a mortgage are allowed to kick themselves. Lodging stocks were all over the place. SHCO was up 6% and SLNA rose $0.07 which is 24%.  AINC hit a new […]

The DJIA rose 76 points on Friday while Nasdaq was up 13, the S&P 500 was up 6 points, and the 10-year treasury yield was flat at 4.26%. Lodging stocks were modestly higher. AHT surged 14% to lead the group. AINC traded down another -5% to another new low. SLNA was down another -9%, and SOND fell another – 6%. A new Marriott […]

AvantStay confirmed late Tuesday afternoon it cut 37 employees, or nearly 10% of its workforce. Responding to a Skift inquiry, the Los Angeles-based vacation rental property manager tied the layoffs to platform and tech improvements, adding that the company is profitable. Presented by You’re reading a free version of the new Skift Short-Term Rental Report. To […]

You read it here first: There are stories of “software eating the world” and leaving a dust trail of fallen companies behind. This is not that story. This is about a tech company and property manager that failed, and a leader who learned a hard lesson about skills and market demands.  Presented by The Skift Short-Term Rental […]

STR reported China hotel data for the week ended June 3. Hotel RevPAR in China was up 60.4% year over year, up against a decline of -21.6% comparison. When compared with the same week in 2019, RevPAR was down -5.5%.  Hotel Morris Sydney – Handwritten Collection will be opening on June 14. The Sydney property originally opened […]

The DJIA rose 153 points while Nasdaq was up 166, the S&P 500 rose 41 points and the 10-year treasury yield was down .03 to 3.61%. Most people would like all of June to be like this. Lodging stocks were modestly higher. The only mover of note was SLNA, up 6% on the day. Truist issued their May/June RevPAR Monitor. Their latest round of forward-looking […]

The DJIA fell 231 points, Nasdaq was down 161, the S&P 500 fell 47 points and the 10-year treasury yield was down .02 to 3.70%. The indexes fell more and more as the day wore on, probably something that will continue until there is movement on how to handle the debt ceiling issue. In the midst of all this, a rumor came out […]

The DJIA fell 9 points on Friday while Nasdaq was down 44, the S&P 500 fell 7 points and the 10-year treasury yield was up .07 to just over 3.46%. Lodging stocks were lower. SOND was down another 27% to another all-time low and SLNA also hit a new low. SHCO was down -7% following their earnings report and AHT was also down […]