Pennsylvania

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 […]

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 164 points while Nasdaq was up 9, the S&P 500 rose 7 points while the 10 year treasury yield was up .09 to 4.54%. The markets closed well off their highs but lodging stocks were mixed to higher. HLT traded up to another new high, AHT was up 10% while SHCO and […]

The DJIA rose 55 points but Nasdaq was down 30, the S&P 500 was down 4 points and the 10 year treasury yield barely budged again, at 4.63%. Lodging stocks were mixed. HLT traded up to another new high but PEB, SVC and BHR hit new lows with the latter down another -5%. SHCO and SOND both also traded down -5% on the […]

The DJIA fell 191 points but Nasdaq was up 35, the S&P 500 fell 7 points but the 10-year treasury yield was down .09 to 4.84%. Lodging stocks were mixed. While there were no significant movers, new lows were set by VCSA, SVC, AINC and SOHO. SVC now has a dividend yield of 11.24%. HSBC included lodging in their initiation of stocks in […]

The DJIA was up 66 points, Nasdaq was up 97, the S&P 500 rose 19 points and the 10 year treasury yield was down .06 to 4.60%. Lodging stocks were mixed. The two biggest movers were to the upside with both SHCO and VCSA both up 7% on the day. STR reported US lodging data for the week ended 10/7. US hotel RevPAR was up […]

The DJIA surged 332 points while the Nasdaq jumped 112, the S&P 500 rose 38 points and the 10-year treasury yield was up .04 to 4.29%. Lodging stocks were higher but the two big movers were to the downside. VCSA dropped -7% to another new all-time low, while AINC also traded down to a new low on very low volume, down -10% on […]

The DJIA fell 191 points, NASDAQ was down 162, the S&P 500 fell 32 points, and the 10-year treasury yield was down .01 to 4.01%. While the biggest movers in lodging stocks were to the downside, the group was mixed on the day. BHR was down -6%, while AHT, VCSA, and SLNA each were down 5% on the day. The big takeaway from Service […]

The DJIA fell 348 points, but Nasdaq was down more than 2% (down 310), while the S&P 500 was down 63 points. The 10-year treasury yield was up .03 to 4.08%. The initial trading when Selina Hospitality completed their SPAC deal was crazy, and today’s action showed they still have a lot of that craziness in their stock. The stock was up more than 50% […]

The DJIA rose 164 points, but Nasdaq plunged 295, the S&P 500 fell 31 points, and the 10-year treasury yield bounced back up .11 to 3.85%. Lodging stocks were lower on the day. Oppenheimer downgraded RLJ Lodging Trust, Chatham Lodging Trust, and Braemar Hotels & Resorts to Perform from Outperform. They upgraded Host Hotels to Outperform from Perform. Truist said they expect a mixed bag for 2Q earnings from […]

The DJIA rose 367 points while Nasdaq was up 109, the S&P 500 rose 32 points and the 10-year treasury yield was down .01 to 3.79%. Lodging stocks were mostly higher. Both MAR and IHG traded up to new 52-week highs. The Baird/STR Hotel Stock Index was up 6.2% in June on a month-to-month (May) basis. The Hotel Brand sub-index jumped 7.4% from May […]

The DJIA rose 317 points while Nasdaq was up 75, the S&P 500 rose 30 points and the 10-year treasury yield was down .03 to 3.98%. Lodging stocks were mostly higher. VCSA was up 9% and AHT was up 5% to lead the gainers. Choice Hotels issued a business update this morning, reaffirming full-year guidance and giving a 2024 EBITDA target that was […]