Santa Barbara

It was an interesting day with the DJIA up 3 points but Nasdaq down 228. Don’t you love earnings season? The S&P 500 fell 29 points, the 10-year treasury yield was down .09 to 4.02% and lodging stocks were mixed. The biggest mover was MCG, up 9%. Wyndham and Hilton kicked off the lodging earnings season, both with solid reports. WH beat results, which is not […]

The DJIA jumped 337 points, Nasdaq was up 247, the S&P 500 rose 62 points and the 10-year treasury yield fell by .13 to 4.11%. Lodging stocks were higher. VCSA was up 10% while SOND and BHR both rose 6% on the day. Deutsche Bank gave its first broad-based downward revision to hotel REIT estimates since the travel recovery began in spring 2021. DB is going […]

The DJIA rose 230 points while Nasdaq was up 154, the S&P 500 rose 43 points and the 10-year treasury yield was up .04 to 3.36%. Lodging stocks were modestly higher. The biggest mover of the day was to the downside with SOND falling -7%, We didn’t cover the recent news of a data breach at IHG Hotels and their Holiday Inn unit because we go by […]

The DJIA ended the day down 280 points while Nasdaq was down 67, the S&P 500fell 31 points and the 10 year treasury yield was up .02 to 3.13%. Lodging stocks were lower. MCG fell -8% today and hit a new all time low. SOND was up 5%. STR said U.S. hotel RevPAR for the week ending August 27 was up 18.2%.  RevPAR versus the same week in […]