Idaho

The DJIA ended Friday with a gain of 288 points while the Nasdaq was up 212, the S&P 500 rose 50 points, and the 10-year treasury yield rose by .07 to 4.78% on the jobs report. Lodging stocks were mixed. TNL traded down to a new low. SHCO was up 6% to lead the group. STR said occupancy for September in the US was 66.3%. The preliminary data […]

The DJIA fell 159 points on Friday while the Nasdaq was up 18, the S&P 500 fell 12 points, and the 10-year treasury yield was down more than .02 to 4.57%. Despite the only mover of note being Sonder, up 22%, most lodging stocks were lower on the day. The 164-room hotel at the center of Woodinville, Washington’s $700 million Harvest development broke ground on […]

The DJIA fell 70 points, the Nasdaq was up 40, the S&P 500 rose 6 points, and the 10-year treasury yield was down .02 to 4.25%. Lodging stocks were lower. VCSA traded down -9% to another all-time low, and AINC also hit a new low. AHT and SOND were both down -6%, and BHR fell -5% on the day. According to the J.D. Power […]

The DJIA rose 87 points, the Nasdaq was up 156, the S&P 500 rose 30 points, and the 10-year treasury yield was up .03 to 4.29%. Lodging stocks were mixed. BHR was up 7%, but that was the only big gainer. SOND was down -8%, AHT was down -6%, and SHCO was down -5% today. JP Morgan reported on investor meetings they held with Hyatt. […]

The DJIA was down 199 points while Nasdaq was down 148, the S&P 500 fell 31 points, and the 10-year treasury yield was up .02 to 4.29%. Lodging stocks were modestly lower. SHCO traded up to a new high. Truist gave their forward-looking booking and pricing trends for U.S. hotels report, saying they see no signs of any demand slowdown. In fact, they see 4Q23 […]

The DJIA rose 27 points while Nasdaq was up 86, the S&P 500 rose 13 points, and the 10-year treasury yield was up .06 to 3.91%. Lodging stocks were modestly higher. We had new highs from MAR, IHG and ABNB. VCSA was up 6%, but SLNA was down -5%. Jefferies upped its price target on Airbnb to $174 from $140. It maintained its Buy rating. This […]

The DJIA rose 76 points while Nasdaq was up 131, the S&P 500 was up 17 points and the 10-year treasury yield was down .02 to 3.80%. Lodging stocks were mixed. ABNB has made it all the way back to hit a new 52-week high, which is not even close to their all-time high but the stock is getting close to a double from […]

The DJIA fell 0.37% on Friday while Nasdaq was down 0.18%, the S&P 500dropped 0.20%, and the 10-year treasury yield was up .07 to 3.93%. The Dow Jones U.S. Hotels Index was down 1.3% for the year but was still up 8.6% year-to-date.The Federal Reserve was split on whether the U.S. will avoid a recession this year, the WSJ said. Barclays said with headline […]

The DJIA was down 108 points, Nasdaq was down 93, the S&P 500 was down 16 points, the 10-year treasury yield was up .03 to 3.768% but lodging stocks were lower. Soho House (SHCO) was up 4%, VCSA was down 8%, and SLNA was up 3%. Hilton and Hyatt were up modestly. The Baird/STR Hotel Stock Index declined -2.65 in May from April. The Hotel […]

The DJIA fell 233 points while Nasdaq was up 53, the S&P 500 rose 4 points and the 10-year treasury yield was down .04 to 3.80%. Is there anyone who understands a Federal Reserve Board that paused interest rate hikes but tells the financial markets there will be at least two more in the next 6 months? The market had every reason to […]

The DJIA was up 10 points while Nasdaq rose 47, the S&P 500 was also up 10 points and the 10-year treasury yield was up .01 to 3.70%. Lodging stocks were higher. AHT rose 8% to lead the group while SVC was up 6%. SLNA gave back their big gains, down -12% to close below $1 again. Truist described the tone of the NY […]

June is coming in like a lion with the second day even better than the first in the markets with the DJIA surging 701 points on an actual economic report. The stronger-than-expected jobs report also helped Nasdaq rise an additional 140, the S&P 500 was up 61 points and the 10-year treasury yield was up .08 to 3.69%. Lodging stocks were higher led […]