Jamaica

The DJIA rose 184 points, Nasdaq was up another 215, the S&P 500 rose 48 points, and the 10-year treasury yield was down .13 to 4.20%. Lodging stocks were modestly higher, but the big mover was SOHO dropping -11%. VCSA traded down to another new all-time low. Either the reporters at Dow Jones are bored, or they didn’t get any upgrades the last […]

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 […]

Ahead of the long holiday weekend, the DJIA was up 329 points on Friday while Nasdaq was up 278, the S&P 500 was up 54 points and the 10-year treasury yield was somewhat flat at 3.81%. Lodging stocks were higher. SOND popped by 13% but SLNA dropped another -10% to another all time low. VCSA was up 5%. In observance of Memorial […]

The DJIA  fell 11 points, Nasdaq was down 4, the S&P 500 was up 4 points and the 10-year treasury yield was down .02 to 3.57% It was a truly mixed market but lodging stocks were more on the plus than minus side today. The biggest mover was SHCO, up 11% but AINC was down -7% to a new low. VCSA traded down […]

The DJIA rose 113 points on Friday while Nasdaq was up 78, the S&P 500 rose 16 points and the 10 year treasury yield was up .06 to 3.51%. Lodging stocks were mixed but the biggest movers were to the upside. VCSA and SLNA both rose 6% on the day. Goldman Sachs cut its price target on Airbnb to $87 from $98. It maintained its Sell […]

The DJIA fell 764 points, Nasdaq was down 360, the S&P 500 fell 100 points and the 10 year treasury yield was down .05 to 3.45%. Lodging stocks were lower.  AHT and MCG were down -6%, while VCSA was down -5%, SLNA traded down to a new low. JP Morgan gave their Gaming & Lodging 2023 outlook. JPM said they see more […]

The DJIA fell 45 points while Nasdaq was down 122, the S&P 500 fell 15 points and the 10-year treasury yield was up .01 to 3.83%. We may be seeing a short week slowdown already starting in the financial markets. Lodging stocks were modestly lower. SOND was down -6%. Deutsche Bank gave a summary of […]

The DJIA rose 32 points on Friday while Nasdaq was up another 209, the S&P 500rose 37 points and the 10-year treasury yield was down another .02 to 3.81%. Lodging stocks were higher again with MCG up 11%, HT up 8%, ABNB up 7%, SLNA up 6% and SVC up another 5%. SOND fell -9% on the day. Both Marriott International and Hilton announced an increase […]

The DJIA fell 94 points, Nasdaq was down 110, the S&P 500 fell 27 points and the 10-year treasury yield was up .01 to 3.89%. Lodging stocks were mostly lower. MCG was the big gainer, up 8% while SOND was the big decliner, down -7%. The parent of Allegiant Air said that damage from Hurricane Ian has caused the company to delay the planned opening […]

The DJIA surged 515 points, Nasdaq was up 361, the S&P 500 was up 88 and suddenly the 10 year treasury yield is calm and the indexes are nuts again, down .01 to 2.79%. Lodging stocks were higher. The biggest mover was SOND, up 15%. STR said US Lodging RevPAR was up 12.2% year over year for the week ended 8/6.  RevPAR was up 9.3% […]

The DJIA rose 29 points while Nasdaq was down 13, the S&P 500 fell 5 points, and the 10-year treasury yield was down .08 to 2.73%. The equity indexes have really calmed down while treasuries get really volatile. Lodging stocks were higher. AINC was the big mover, up 11%. SMBC Nikko cut its rating on Park Hotels & Resorts to Neutral from Outperform. Its price target […]