South Carolina

The DJIA fell 291 points while Nasdaq was down 158, the S&P 500 fell 34 points, and the 10-year treasury yield was up another .05 to 4.31%. Lodging stocks were lower. SLNA traded down to an all-time low, down -12%. Also hitting another new low was BHR. Truist held a conference call with JP Ford of Lodging Econometrics. They see steady year-over-year growth in supply in the […]

San Bernardino County in California is conducting a comprehensive study to evaluate the impact of how short-term rentals affects housing availability in the county.  San Bernardino is home to Big Bear Lake, one of the top vacation rental destinations in the state. A recent Southern California News Group analysis revealed that only 29 out of […]

The winning streak for the DJIA ended with a 237-point drop today while Nasdaq was down 77, the S&P 500 fell 29 points, and the 10-year treasury yield surged .16 to close at a yield of 4.01%. Lodging stocks were mixed. MAR traded up to a new high, and SOHO was up 8%. Wyndham reported a slight beat, and while the debate is whether […]

The DJIA rose 27 points while Nasdaq was up 86, the S&P 500 rose 13 points, and the 10-year treasury yield was up .06 to 3.91%. Lodging stocks were modestly higher. We had new highs from MAR, IHG and ABNB. VCSA was up 6%, but SLNA was down -5%. Jefferies upped its price target on Airbnb to $174 from $140. It maintained its Buy rating. This […]

The DJIA was up 184 points while Nasdaq was up 26, the S&P 500 rose 18 points, and the 10-year treasury yield was up .02 to 3.86%. Lodging stocks were lower despite the indexes being higher. The biggest mover was to the downside, with SOND falling another -9%. SLNA was up 5%. JP Morgan said they expect relatively unimpressive 2Q23 RevPAR results and a […]

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 114 points on Friday while Nasdaq was down 25, the S&P 500fell 5 points and the 10-year treasury yield was up .06 to 3.82%. Lodging stocks were modestly lower. The only mover of note was SHCO, down -6%. Citi lowered their price target on Pebblebrook Hotel Trust to $15 from $16.50. They maintained their Neutral rating. LW Hospitality Advisors’ Major U.S. Hotel Sales […]

The DJIA ended the day up 47 points, Nasdaq was up 219, and the S&P 500 rose 0.85% on a broad market rally. The 10-year treasury yield dropped -0.10 to 3.76%. The Dow Jones U.S. Hotels Index was up 0.92%. Wyndham’s stock price remained at the elevated level it’s been since Tuesday. Baird reported on investor meetings they held with RLJ Lodging Trust’s management team. […]

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 […]

The DJIA rose 210 points, Nasdaq was up 25, the S&P 500 was up 11 points while the 10-year treasury yield retreated .04 to close to 4.01%. Lodging stocks were higher but most were up 2% to 3%. VCSA was the biggest mover, up 5% today. RW Baird issued a report on the Ashford Hospitality Trust announcement they were going to return 19 hotels (3,583 rooms) […]

The DJIA rose 270 points while Nasdaq was flat, the S&P 500 rose 23 points, the 10-year treasury yield jumped .14 to 3.85% and lodging stocks were mostly higher. AHT and PK led the gainers, up 7% and 5% respectively. SLNA was down -9% and SHCO fell -7% on the day. STR reported US lodging data for the week ending June 24. Year over […]

The DJIA fell 13 points, rose 212 points while Nasdaq was up 220, the S&P 500rose 50 points and the 10-year treasury yield was up .05 to 3.77%. Lodging stocks were mostly higher even though the two biggest movers were to the downside. SOND was down -9% and SLNA was down -5% on the day. Morgan Stanley upgraded Sunstone Hotels to Equal Weight from Underweight with […]