Washington DC

Welcome to a brand new week, folks! Here’s a Tuesday tidbit for you: Between 2020 and 2021, Manhattan residents who moved to Miami brought $2.9 billion in taxable income with them. And Palm Beach County netted $1.06 billion from these Manhattan ex-pats.Wow, that’s some serious wealth migration.  Alright, strap in, we have a long one […]

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 fell 251 points, Nasdaq was down 128, the S&P 500 was down 37 and the 10 year treasury yield was up .08 to 4.99%. We should have started with Fed Chief Powell spoke today so you would know what to expect from the indexes. Lodging stocks were lower. SOHO and VCSA traded down […]

The DJIA fell 333 points, the Nasdaq fell 219, the S&P 500 was down 59 points, and the S&P 500 is one inflation or jobs report away from 5%, up another .06 to 4.90%. Lodging stocks were lower. SOHO traded down to a new low. VCSA was down -7% and is close to a new all-time low after the reverse split. SOND was down -6%, and SLNA fell -5% on the […]

The DJIA fell 174 points while Nasdaq was down 85, the S&P 500 was down 27, and the 10-year treasury yield surged .12 to 4.71%. Lodging stocks were lower but the only real decliner of note was VCSA with an -8% decline. JP Morgan initiated coverage on Marriott Vacations Worldwide with a Neutral rating and […]

The DJIA fell 69 points while Nasdaq was up 29, the S&P 500 was up a point and the 10-year treasury yield jumped another .07 to 4.63%. Lodging stocks were mostly higher on the day. The only big mover was AINC, to the downside by another -12% to another new low. STR reported US lodging data for the week ended September 23. US hotel RevPAR […]

The DJIA fell 289 points on Friday while the Nasdaq was down 218, the S&P 500 fell 55 points, and the 10-year treasury yield continued its march to 4.50%, up another .03 to 4.32%. Lodging stocks were mixed. New lows were set again by VCSA and AINC, while SOND fell -5% on a day when it held a vote on a reverse split. […]

The DJIA was down 199 points while Nasdaq was down 148, the S&P 500 fell 31 points, and the 10-year treasury yield was up .02 to 4.29%. Lodging stocks were modestly lower. SHCO traded up to a new high. Truist gave their forward-looking booking and pricing trends for U.S. hotels report, saying they see no signs of any demand slowdown. In fact, they see 4Q23 […]

Welcome back, it’s a brand new day to talk about junk fees — as discussed on TikTok. A viral video posted by a comedian scoffs at short-term rentals and sometimes-exorbitant “host fees.” In his TikTok video, comedian Jesse Martin highlights how a $172 per night charge results in a total price of $972 for two […]

Airbnb has partnered with Sentral Wynwood in Miami, allowing apartment tenants to rent out their units for up to 75 days. When tenants choose to list their apartments, Airbnb will handle pricing, security, access for guests, and cleaning. A 680-square foot deluxe loft apartment, furnished and ready to move in, starts at around $3,059 in […]

The DJIA fell 374 while the Nasdaq was down 257, the S&P 500 fell 60 points, and the 10-year treasury yield was up .04 to 4.24%. Lodging stocks were lower, but the biggest mover was to the upside, with SOHO bouncing back 7%. VCSA traded down to yet another all-time low. Deutsche Bank updated their models and price targets on some hotel REITs. They were […]

The DJIA rose 26 points, Nasdaq was down 26, the S&P 500 was down a point, and the 10-year treasury yield was down .06 to 4.25%. It sounds like a typical mid-August Friday in the stock market. Not so for lodging stocks, particularly Selina Hospitality which was read its last rites as it tried to avoid a reverse split to stay listed. SLNA plunged -41% […]