Virginia

The DJIA rose 130 points on Friday while the Nasdaq was up 64, the S&P 500rose 19 points and the 10-year treasury yield was up .12 to 4.25%. Lodging stocks were higher. RHP and IHG both traded up to new highs. Wells Fargo cut their rating on Sunstone Hotels to Underperform from Equal Weight. They also lowered their ratings on DiamondRock Hospitality and Apple Hospitality to Equal Weight from their previous Overweight ratings. […]

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 […]

The DJIA fell 46 points, Nasdaq was up 10, the S&P 500 was up 5, while the 10-year treasury yield was down .09 to 4.45%. Lodging stocks were mixed. SOND was the biggest mover and biggest loser, down another -12%. SHCO and AHT were both down -6% while VCSA fell -5% on the day. CBRE is forecasting RevPAR growth to recover in 2024 as inbound […]

The DJIA fell 220 points while Nasdaq was down 129, the S&P 500 fell 35 points, the 10-year treasury yield was back up .11 to 4.63% and lodging stocks were lower. The bright spot was HLT, trading up to a new high. Then we had BHR down -23% to a new low while SLNA, SVC, AINC and VAC also traded down to new […]

The DJIA surged 565 points, Nasdaq jumped 233, the S&P 500 as up 80 points and the 10-year treasury yield was down .12 to 4.67%. Lodging stocks jumped, led by earnings, led by the market, possibly short covering. AHT and PK were the big winners, up 18% and 12% respectively while INN was up 11%. SHCO and VCSA were both up 8% while […]

The DJIA was up 222 points, Nasdaq was up 210, the S&P 500 rose 44 points and the 10-year treasury yield was down .09 to 4.79%. Lodging stocks were mixed. HGV and CHH traded down to new lows. AHT was down -5%. Xenia Hotels & Resorts reported an inline quarter. They slightly reduced their 4Q outlook. XHR repurchased 2.1 million common shares in the quarter […]

The DJIA rose 124 points while Nasdaq was up 62, the S&P 500 was up 27 points and the 10-year treasury yield was flat at 4.88%. Lodging stocks were modestly higher. JP Morgan downgraded IHG Hotels & Resorts from Neutral to Underweight. In the European hotels sector, JPM said Premier Inn owner Whitbread remains their top pick. Analysts at Lodging Econometrics report that the […]

The DJIA rose 205 points while Nasdaq was up 122, the S&P 500 rose 31 points and the 10 year treasury yield was flat at 4.84%. Lodging stocks were higher. We did see another new low on VCSA but SOND was up 8%. Baird gave their updated views of the Choice Hotels and Wyndham situation. Baird said the two sides appear far apart […]

The DJIA fell 191 points but Nasdaq was up 35, the S&P 500 fell 7 points but the 10-year treasury yield was down .09 to 4.84%. Lodging stocks were mixed. While there were no significant movers, new lows were set by VCSA, SVC, AINC and SOHO. SVC now has a dividend yield of 11.24%. HSBC included lodging in their initiation of stocks in […]

The DJIA was up 13 points, but the Nasdaq was down 34, the S&P 500 was down half a point, and the 10-year treasury yield jumped .14 to 4.85%. Lodging stocks were mixed. The big winner, obviously was Wyndham, up 9%, while Choice Hotels was down -7%. Ashford Hospitality was the other mover of note, up 8% on the day. Choice Hotels went public with an offer […]

The DJIA rose 127 points while Nasdaq was up 177, the S&P 500 rose 34 points and the 10-year treasury yield was down .07 to 4.74%. Lodging stocks were higher. SOND was up 6%, SHCO and INN were both up 5% on the day. STR reported US lodging data for the week ended September 30. US hotel RevPAR was up 5.4% with rates up 4.6%. Group RevPAR rose 14.6%. According […]

The DJIA fell 159 points on Friday while the Nasdaq was up 18, the S&P 500 fell 12 points, and the 10-year treasury yield was down more than .02 to 4.57%. Despite the only mover of note being Sonder, up 22%, most lodging stocks were lower on the day. The 164-room hotel at the center of Woodinville, Washington’s $700 million Harvest development broke ground on […]