Spain

Happy Thanksgiving, folks! I know you’d rather carve a turkey than open your inbox, so we will keep this brief. On the menu today: Canada Curbs Canada has implemented new tax measures to address a severe shortage of rental housing.  How? By taking away income tax deductions of companies like Airbnb, Vrbo, and others.  The […]

The DJIA rose 2 points on Friday while Nasdaq was up 12, the S&P 500 was up 6 and the 10 year treasury yield remained around 4.44%. Lodging stocks were higher. HLT traded up to another new high. The biggest mover was to the downside with SOND down another -10%. UBS cut their price target […]

Good morning, readers! I hope you’re have your reading glasses on, this is a long one. Let’s hit it. On the menu today: Winter Release Upgrades The much-awaited Airbnb’s winter release is here. Among the list of embellishments is “Guest Favorites,” new tools for hosts and a review revamp.  The Guest favorite badges will be […]

The DJIA was down 252 points, Nasdaq was down 226, the S&P 500 was down 50 points and the 10-year treasury yield was down .11 to 4.85%. Lodging stocks were lower. AHT and VAC traded down to new lows. Choice Hotels, after the close yesterday, issued a press release asking (demanding?) Wyndham Hotels to come back to the table and engage them in discussions […]

The DJIA rose 135 points while Nasdaq was up 79, the S&P 500 rose 23 points and the 10-year treasury yield plunged .14 to 4.66%, possibly a flight to safety amidst the Middle East turmoil. Lodging stocks were higher. AHT was the biggest winner, up 7% but H rose 6% and BHR was up 5% on the day. Hyatt Hotels stock jumped in after-hours last night and trading […]

Jefferies said they downgraded Marriott Vacations to Hold from Buy, putting them in line with their rating on the other time shares stocks, Hilton Grand Vacations and Travel + Leisure, both also at Hold.  Jefferies said the concerns over the macroeconomic outlook, notably consumer credit and interest rates, are driving a separation of timeshare business merits […]

The DJIA fell 74 points but Nasdaq was up 88 and the S&P 500 was up just less than half a point. The 10-year treasury yield resumed its upward move to 5%, up .11 to 4.68%. Lodging stocks were modestly lower. SOHO traded down to a new low. A Hilton-branded hotel in Old Town Scottsdale, Arizona, has been sold roughly three years after it opened […]

The DJIA fell 382 points while Nasdaq was down 208, the S&P 500 fell 64 points and the 10-year treasury yield was up another .02 to 4.56%.  Lodging stocks were lower. AHT was down -6% to a new 52 week low. Truist held a webinar with corporate travel data company TRIPBAM. They are solely focused on individual/business transient travel. The main takeaways include that booking volumes in mid-September […]

The DJIA rose 76 points on Friday while Nasdaq was up 13, the S&P 500 was up 6 points, and the 10-year treasury yield was flat at 4.26%. Lodging stocks were modestly higher. AHT surged 14% to lead the group. AINC traded down another -5% to another new low. SLNA was down another -9%, and SOND fell another – 6%. A new Marriott […]

The DJIA fell 13 points, Nasdaq was down 157, the S&P 500 was down 20 points and the 10-year treasury yield was down .02 to 3.72%. While the biggest movers in lodging and the indexes were down, lodging stocks were overall more mixed than lower. PLYA and SOND were both down -75 while SLNA dropped -5% on the day. Bank of America Securities downgraded […]

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 […]