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North America

U.S. Hotel Trends Point to a Holiday Season Like 2019

The DJIA rose 527 points while Nasdaq was up 162, the S&P 500 rose 57 points. The 10-year treasury yield was flat at 3.68%. Lodging stocks were lower on the Pebblebrook news. PEB was down -9% followed by PK with a -7% drop and CLDT, AHT and HST were each down -6%. SOND jumped 13% today and AINC was up 9%. Pebblebrook Hotel […]

December 21st, 2022

North America

IHG Opens Its Newest Hotel Indigo in New York

The DJIA ended the day down 142 points, falling after the Fed press conference after raising rates again. Nasdaq was down 86, the S&P 500 fell 24 points and the 10 year treasury yield was unchanged at 3.50%. Lodging stocks were modestly lower. AINC was down -8%, SLNA was down -7% but VCSA rose 5%. Citigroup cut their ratings on Hilton and Marriott to Neutral from Buy. […]

December 14th, 2022

North America

Marriott Vacations Announces Increased Quarterly Dividend

The DJIA rose 35 points Friday while Nasdaq was down 21, the S&P 500 was down 5 points and the 10-year treasury yield was down .02 to 3.51%. Lodging stocks were mixed. MCG was up 10%. Marriott Vacations Worldwide Corporation announced an increase in its quarterly dividend. Their board declared a cash dividend for the quarter of $0.72 per share of common stock, up […]

December 4th, 2022

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