Greece

Happy hump day! And we continue to discuss the housing market and mortgages.  There was a 47% drop in mortgage-rate locks (a lock-in fixes an interest rate between the offer and the closing) for second homes in the U.S. in August compared to pre-pandemic levels, according to new data from real estate listing site Redfin. The data underscores […]

Happy Tuesday, folks! Welcome to a brand new week.  For Skift.com this week, I’ve published reporting and analysis on Florida’s short-term rental market (your feedback is welcome and wanted,). The key takeaway: Demand is up, but so is supply, and costs have surged. That’s pressuring revenue and taking a big bite out of profits. Still, […]

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 […]

What do you do when you’re a short-term rental operator during peak travel season in a busy market with regulatory restrictions? London-based Altido, which typically provides hospitality management for homes, serviced apartments, and hotels, has a solution: It operates pop-up hotels, temporary, seasonal accommodation for cities that need it. And it has a straightforward source […]

Christian Lee joined Mint House as CEO in March, and 100 days into the role and a year after the company’s $35 million fundraise, Lee has his work cut out for him. But the former WeWork CFO isn’t a stranger to a volatile industry.  I caught up with Lee yesterday to learn more about the […]

The DJIA rose 114 points on Friday while Nasdaq was down 25, the S&P 500fell 5 points and the 10-year treasury yield was up .06 to 3.82%. Lodging stocks were modestly lower. The only mover of note was SHCO, down -6%. Citi lowered their price target on Pebblebrook Hotel Trust to $15 from $16.50. They maintained their Neutral rating. LW Hospitality Advisors’ Major U.S. Hotel Sales […]

The short-term rental market in Miami isn’t so hot this summer. And there are a number of reasons for that: A slowing of the post-Covid vacation rush, the Florida government’s hostility toward the LGBTQ community, and travelers’ financial constraints due to inflation are a few contributing factors. The economic collapse in South American countries has […]

The DJIA fell 13 points, Nasdaq was down 157, the S&P 500 was down 20 points and the 10-year treasury yield was down .02 to 3.72%. While the biggest movers in lodging and the indexes were down, lodging stocks were overall more mixed than lower. PLYA and SOND were both down -75 while SLNA dropped -5% on the day. Bank of America Securities downgraded […]

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 ended the day and month down 135 points while Nasdaq was down 82, the S&P 500 fell 26 points and the 10-year treasury yield was down .06 to 3.64%. Lodging stocks were mixed again. SOND was up 11%, SLNA was up 6% and everyone else seemed to be up or down 1% to 2%. Piper Sandler cut their price target on Sotherly Hotels to […]

The DJIA fell 199 points while Nasdaq was down 63, the S&P 500 fell 24 points and the 10-year treasury yield was down .09 to 3.34%. Lodging stocks were mostly lower. AHT was the only big mover, down -11% on the day. Sotherly Hotels reported preliminary operating results for 1Q23 for their 10 wholly-owned properties. RevPAR was up 21.4% led by an 11.4% jump […]