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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 […]

STR reported that China hotel RevPAR was up 22% year over year for the week ending August 5th. When compared with the same week in 2019, RevPAR was up 6.7%. China has lifted a ban on group tours to more than 70 locations. Group tours will resume to dozens of locations in Asia Pacific, Europe, Africa, […]

STR reported China hotel RevPAR for the week ending July 29th. Hotel RevPAR in China was up 27.9% year over year. It was up against a positive 8.5% comp in the year-ago week. When compared with the week in 2019, RevPAR was up 13.7%. Japan National Tourism Organization announced the resurgence of inbound tourism to Japan, with the Gulf […]

The DJIA fell 195 points, Nasdaq was up 14, the S&P 500 fell 4 points and the 10 year treasury yield was down .17 to 3.53%. How is that for a weird market? Lodging stocks were mixed. VCSA was down -5% while SLNA traded down to another new low. Truist gave their observations on the latest forward-looking booking and pricing trends for US hotels and checks with contacts. […]

STR reported Melbourne, Australia’s hotel performance reached a pandemic era high, according to preliminary October 2022 data from STR. Occupancy for the month was 69.9%, ADR was A$232.07 and RevPAR was A$162.21. The market’s ADR level was the highest for any month on record while occupancy and RevPAR were the highest since February 2020 and November 2019 respectively. […]

Fitch Ratings revised the Maldives’ outlook to Negative from Stable while affirming its Long Term Currency Issuer Default Rating at B-. The outlook revision reflects Fitch’s assessment that tightening global financial conditions are intensifying the Maldives’ external liquidity strains, even though tourism has recovered to pre-pandemic levels. Fitch believes a sharp decline in foreign-exchange buffers, if sustained, could complicate the […]

STR reported China lodging data for the week ended 9/24. Hotel RevPAR was up 5.1% year over year. When compared with the same week in 2019, RevPAR was down -21.5%. Absolute occupancy was 57.5% for the week compared with 52.1% in the comparable week last year. The St. Regis Jakarta is set to debut on November 10, […]

STR reported China hotel RevPAR the week ended September 17 fell -11.5% year over year. When compared with the same week in 2019, China hotel RevPAR was down -40.1%. Absolute occupancy for the week was 49.7% in China, down from 57.1% in the same week in the previous year. Despite STR reporting week after week for the past several […]

A rebound in foreign tourist arrivals into Thailand is pushing up the nation’s hotel occupancy rate from a record low during the pandemic. The Bank of Thailand and the Thai Hotels Association released a joint survey of 106 hotels. The survey found the average room occupancy at Thai hotels was 48% in August, up from 46% […]