North Carolina

B.Riley Securities cut their rating on Ashford Hospitality Trust to $2.50 from $3. They maintained their Neutral rating. STR reported US lodging data for the week ended 11/18. US hotel RevPAR was up 6.3% for the week. Rates were up 7%, offsetting the -0.4% drop in occupancy. Group RevPAR was up 17.7% for the week. Innisfree Hotels has completed the […]

The DJIA fell 46 points, Nasdaq was up 10, the S&P 500 was up 5, while the 10-year treasury yield was down .09 to 4.45%. Lodging stocks were mixed. SOND was the biggest mover and biggest loser, down another -12%. SHCO and AHT were both down -6% while VCSA fell -5% on the day. CBRE is forecasting RevPAR growth to recover in 2024 as inbound […]

The DJIA rose 391 points on Friday while Nasdaq was up 277, the S&P 500 rose 68 points and the 10-year treasury yield was flat at 4.63%. Lodging stocks were higher although the biggest mover was a disaster for SHCO shareholders, down -21% after reporting weaker than expected 3Q results. HLT traded up to a […]

The DJIA surged 565 points, Nasdaq jumped 233, the S&P 500 as up 80 points and the 10-year treasury yield was down .12 to 4.67%. Lodging stocks jumped, led by earnings, led by the market, possibly short covering. AHT and PK were the big winners, up 18% and 12% respectively while INN was up 11%. SHCO and VCSA were both up 8% while […]

The DJIA rose 124 points while Nasdaq was up 62, the S&P 500 was up 27 points and the 10-year treasury yield was flat at 4.88%. Lodging stocks were modestly higher. JP Morgan downgraded IHG Hotels & Resorts from Neutral to Underweight. In the European hotels sector, JPM said Premier Inn owner Whitbread remains their top pick. Analysts at Lodging Econometrics report that the […]

The DJIA rose 205 points while Nasdaq was up 122, the S&P 500 rose 31 points and the 10 year treasury yield was flat at 4.84%. Lodging stocks were higher. We did see another new low on VCSA but SOND was up 8%. Baird gave their updated views of the Choice Hotels and Wyndham situation. Baird said the two sides appear far apart […]

The DJIA ended Friday down 287 points while the Nasdaq was down 202, the S&P 500 was down 54 points, and the 10-year treasury yield was down .06 to 4.92%. Lodging stocks were lower. SOHO and VCSA traded down to new lows, with VCSA down another -7%. SLNA fell -6%. IHG kicked off the hotel earnings season, and while the results were good, with […]

The DJIA was up 13 points, but the Nasdaq was down 34, the S&P 500 was down half a point, and the 10-year treasury yield jumped .14 to 4.85%. Lodging stocks were mixed. The big winner, obviously was Wyndham, up 9%, while Choice Hotels was down -7%. Ashford Hospitality was the other mover of note, up 8% on the day. Choice Hotels went public with an offer […]

The DJIA rose 39 points on Friday, but the Nasdaq was down 167, and the S&P 500 was down 22 points, so it was a down day across most stocks, lodging included. The 10-year treasury yield fell .08 to 4.63%. The only mover of note in lodging stocks was SOND, down -9%. Baird gave a hotel check-in on recent conversations and investor sentiment. […]

The DJIA fell 174 points while Nasdaq was down 85, the S&P 500 was down 27, and the 10-year treasury yield surged .12 to 4.71%. Lodging stocks were lower but the only real decliner of note was VCSA with an -8% decline. JP Morgan initiated coverage on Marriott Vacations Worldwide with a Neutral rating and […]

The DJIA fell 69 points while Nasdaq was up 29, the S&P 500 was up a point and the 10-year treasury yield jumped another .07 to 4.63%. Lodging stocks were mostly higher on the day. The only big mover was AINC, to the downside by another -12% to another new low. STR reported US lodging data for the week ended September 23. US hotel RevPAR […]

If the Fed just issued their statements, we would be so much better off. No rate hike, but then the Fed chief held his press conference and if you bet on the market dropping, you won again. The DJIA fell 77 points but Nasdaq was down 209 while the S&P 500 was down 42 points. The 10-year treasury yield was […]