Switzerland

The DJIA ended Friday with a gain of 132 points while Nasdaq was up 37, the S&P 500 was up 22 points and the 10 year treasury yield was down another .03 to 3.38%. Lodging stocks were modestly higher although the biggest movers were the new age group, to the downside. SOND fell another -6% to another new all time low while SLNA and SHCO were […]

The DJIA rose 266 points while Nasdaq was up 226, the S&P 500 rose 53 points and the 10-year treasury yield was up another .04 to 3.67%. Lodging stocks were mixed. Morgan Stanley changed price targets on its covered hotel companies. Hilton’s PT was lowered to $167 from $171, while Wyndham’s PT was upped to $90 from $87. Both were maintained at Overweight. Equal-Weight […]

The DJIA fell 113 points, Nasdaq was up 66, the S&P 500 was down 3 points and the 10-year treasury yield was down .05 to 3.52%. How was that for a mixed market? Lodging stocks were mostly lower even as the only movers of note were to the upside. SLNA jumped 13%, MCG was up 7% and AHT rose another 6% on the […]

The DJIA fell 306 points on Friday while Nasdaq was down 77, the S&P 500 fell 29 points and the 10 year treasury yield bounced .08 to 3.57%. Lodging stocks were higher. BHR rose 12% while AINC was up 7%. SOND fell -7% on the day. Raymond James downgraded Pebblebrook Hotel Trust and Xenia Hotels & Resorts to Market Perform from Outperform while cutting Sunstone Hotel Investors to Underperform […]

The DJIA fell 347 points while Nasdaq was down 75, the S&P 500 fell 39 points and the 10-year treasury yield was up .07 to 3.83%. Lodging stocks were modestly lower. STR said US hotel RevPAR the week ending 10/1 was up 22.6% year over year, helped by Hurricane Ian and the holiday shift. RevPAR was up 12.9% when compared with the same […]

The DJIA fell another 325 points on Monday, Nasdaq was up 0.1%, the S&P 500 fell 0.6% and the 10-year treasury yield rose to 3.88%. Peachtree Hospitality Development is on track to deliver a record year of development achievements. In 2022, PHD opened three select-service hotels, with another hotel slated to open later this year. In addition, the company will break ground this year […]