Spain

The DJIA dropped 286 points, while Nasdaq was down 58, the S&P 500 fell 29 points, and 10-year treasury was up .02 at 3.36%. The Dow Jones U.S. Travel & Tourism Total Stock Market Index was down 1.3 percent. The earnings calendar accelerated in both the REIT and C-Corp section in the past 24 hours. Hyatt received the most attention with a clean beat but then […]

The DJIA rose 195 points, Nasdaq was down 55 points, the S&P 500 rose 7 points, the 10-year treasury yield was back up .15 to 3.53% and lodging stocks were modestly higher. The volatility is just reaching new levels in treasuries. Deutsche Bank issued a report, commenting on what they think the trading action in […]

The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed. SLNA had the best day in a month or so, up 14% while SOND was down another -6% to another new low. Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is […]

The DJIA ended the day down 58 points while Nasdaq was up 46, the S&P 500rose 6 points and the 10-year treasury yield was flat at 3.98%. Lodging stocks were modestly higher. The only mover of note was MCG, up 18%. Membership Collective Group reported strong 4Q results, a profitable quarter, today. In the earnings report they disclosed they would be changing their […]

The DJIA fell another 337 points on Friday, capping off a terrible week in the markets. Nasdaq was down 195, the S&P 500 fell 42 points and the 10-year treasury yield bounced back up .07 to 3.95%. Lodging stocks were mostly lower. PLYA bucked the trend with an 8% gain on stronger-than-expected earnings. SOND was down another -8%, VCSA fell -7% and SLNA […]

The DJIA rose 206 points while Nasdaq was up 199, the S&P rose 44 points and the 10 year treasury yield was up .03 to 3.49%. Lodging stocks were modestly higher. The biggest movers included ABNB and SOHO both rising 5% while SOND was down -6% on the day. Hotel Asset Value Enhancement gave their findings of the ALIS conference. Attendees believe the frustrating transaction market will change in the […]

The DJIA rose 217 points while Nasdaq was up 69, the S&P 500 rose 14 points and the 10 year treasury yield was down .11 to 3.45%. Lodging stocks were higher with the only big mover of note once again being AHT, up another 6%. Baird gave their 2023 Hotel REIT outlook saying they are taking a more balanced approach in early 2023 as macroeconomic […]

The DJIA rose 186 points while Nasdaq was up 107, the S&P 500 rose 27 points and the 10-year treasury yield was up .10 to 3.62%. Lodging stocks were higher. MCG was the big winner, up 11% while AHT rose another 8%. SLNA fell -6% on the day. JP Morgan gave their 2023 lodging outlook presentation, saying they see the REITs as relative underperformers […]

The DJIA fell another 282 points on Friday while Nasdaq was down 105, the S&P 500 fell 43 points and the 10 year treasury yield was up .03 to 3.48%. Lodging stocks were modestly lower. SOND fell -8%, the biggest mover in the group Friday. SLNA traded down to yet another new low. Both Hersha Hospitality Trust and Host Hotels announced special dividends. HT announced its board of […]

The DJIA fell 45 points while Nasdaq was down 122, the S&P 500 fell 15 points and the 10-year treasury yield was up .01 to 3.83%. We may be seeing a short week slowdown already starting in the financial markets. Lodging stocks were modestly lower. SOND was down -6%. Deutsche Bank gave a summary of […]

The DJIA fell 94 points, Nasdaq was down 110, the S&P 500 fell 27 points and the 10-year treasury yield was up .01 to 3.89%. Lodging stocks were mostly lower. MCG was the big gainer, up 8% while SOND was the big decliner, down -7%. The parent of Allegiant Air said that damage from Hurricane Ian has caused the company to delay the planned opening […]

The DJIA was up 193, Nasdaq was up 70, the S&P 500 was up 26 points and the 10-year treasury yield was up .03 to 3.29%. Lodging stocks were mixed despite the big rally in the overall market. MCG and SOND were up 9%, VCSA rose 7% while AINC was down -8%. STR reported US lodging RevPAR for the week ended 9/3 was up […]