San Antonio

The DJIA rose 130 points on Friday while the Nasdaq was up 64, the S&P 500rose 19 points and the 10-year treasury yield was up .12 to 4.25%. Lodging stocks were higher. RHP and IHG both traded up to new highs. Wells Fargo cut their rating on Sunstone Hotels to Underperform from Equal Weight. They also lowered their ratings on DiamondRock Hospitality and Apple Hospitality to Equal Weight from their previous Overweight ratings. […]

The DJIA rose 295 points on Friday while Nasdaq was up 79, the S&P 500 was up 27 points, and the 10-year treasury yield plunged .13 to 4.23%. Lodging stocks had a very good day. VAC traded down to a new low but bounced, ending the day up 6%. RHP and IHG traded up to new highs. SOHO was the big winner with a 12% gain followed by RHP and AHT, up […]

Happy Thursday, folks! India did it, we made it to the finals of the men’s cricket world cup. You know what this means: Four years until I care about sports again. Alright, let’s go. On the menu today: The European Handshake The European Council and Parliament have reached a provisional agreement on a draft regulation […]

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 fell 251 points, Nasdaq was down 128, the S&P 500 was down 37 and the 10 year treasury yield was up .08 to 4.99%. We should have started with Fed Chief Powell spoke today so you would know what to expect from the indexes. Lodging stocks were lower. SOHO and VCSA traded down […]

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 127 points while Nasdaq was up 177, the S&P 500 rose 34 points and the 10-year treasury yield was down .07 to 4.74%. Lodging stocks were higher. SOND was up 6%, SHCO and INN were both up 5% on the day. STR reported US lodging data for the week ended September 30. US hotel RevPAR was up 5.4% with rates up 4.6%. Group RevPAR rose 14.6%. According […]

The DJIA fell 195 points, while the Nasdaq was down 10, the S&P 500 was down 18 points, and the 10-year treasury yield was up 0.68 to 4.258%. Lodging stocks were mixed, but Airbnb stock received a big lift with the announcement of its inclusion in the S&P 500. Truist reported on its visit to San Francisco for the Visit Impact Summit. The good news is that the fall […]

The DJIA ended Friday up 3 points, but Nasdaq was down 31, the S&P 500 was up a point, and the 10-year treasury yield was down .02 to 3.84%. Lodging stocks were mixed. MAR traded up to a new all-time high, while ABNB hit a new 52-week high. Baird said they expect good 2Q23 reports from Hilton and Marriott with an upward bias to earnings estimates. They […]

The DJIA rose 76 points while Nasdaq was up 131, the S&P 500 was up 17 points and the 10-year treasury yield was down .02 to 3.80%. Lodging stocks were mixed. ABNB has made it all the way back to hit a new 52-week high, which is not even close to their all-time high but the stock is getting close to a double from […]

The DJIA fell 0.37% on Friday while Nasdaq was down 0.18%, the S&P 500dropped 0.20%, and the 10-year treasury yield was up .07 to 3.93%. The Dow Jones U.S. Hotels Index was down 1.3% for the year but was still up 8.6% year-to-date.The Federal Reserve was split on whether the U.S. will avoid a recession this year, the WSJ said. Barclays said with headline […]

The DJIA rose 285 points on Friday while Nasdaq was up 197, the S&P 500 rose 54 points and the 10-year treasury yield was down .04 to 3.82%. Lodging stocks were mixed. Sonder Holdings was cut to Market Perform from Market Outperform by JMP Securities. EF Hutton assumed coverage of Selina Hospitality with a Buy rating and $6 price target. Ryman Hospitality Properties announced it closed on the […]