Alan Woinski

The  DJIA  fell 28 points,  Nasdaq  was down 9, the  S&P 500  fell 12 points and the  10-year treasury yield  was down .04 to 3.90%. Braemar Hotels & Resorts Inc . reported the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $403 resulting in RevPAR of approximately $288. Ashford Hospitality Trust, Inc . announced the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an ADR of approximately $179 resulting in RevPAR of approximately $127.

STR  said  Sydney’s monthly hotel performance  reached a pandemic-era high, according to preliminary September 2022 data from STR. Singapore   international visitor arrivals  continue to be strong but The Business Times said the momentum appears to have slowed down in recent months. InterContinental Sydney  announced the completion of its extensive renovation program to welcome the hotel’s next chapter.

The D JIA was up 36 points, Nasdaq was down 116, the S&P 500 fell 24 points and the 10 year treasury yield is knocking on the door of 4%, up .05 to 3.94%. Truist Securities reported on investor meetings they held with Playa Hotels & Resorts management. Demand trends were among the most discussed topics but management saying business on the books looks great, reiterating the strength of demand . Pacifica Hotels announced the $32.9 million purchase of the Kimpton Hotel Vintage Portland .

While  Golden Week was a bit tarnished for hoteliers in China , it created a breeding ground for Covid cases and that was not a disappointment. The number of Adelaide hotel rooms filled in one night  hit a new high last month. For Macau , a Covid boom means new quarantine and other measures, bringing down the mood after there were 163,000 mainland visitors entering the city during the seven days of Golden Week.

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%. The parent of  Allegiant Air  said that damage from Hurricane Ian has caused the company to delay the planned opening of a resort north of Fort Myers, FL at Charlotte Harbor. Royal Investments LLC , the developer of a proposed Downtown hotel in  Louisville, KY , is seeking a new tax increment financing district for the project.

A new report from international travel industry analysts, the  Centre for Aviation , predicts the  Asia Pacific region  will no longer be the world’s largest travel region by the end of 2022. Hyatt Hotels  announced the opening of the  Fuji Speedway Hotel  in  Shizuoka, Japan , the first property within  The Unbound Collection by Hyatt  brand in Japan. Business Line reported  Accor   plans to divest its stake in Indian ventures , opting to go asset-light through management contract deals.

The DJIA plunged 630 points on Friday while Nasdaq was down 421, the S&P 500fell 105 points and the 10 year treasury yield jumped .06 to 3.88%. Lodging stocks were lower. Data recently released by the National Travel and Tourism Office showed in August, international visitors spent more than $13.7 billion on travel to, and tourism-related activities within, the U.S. Jefferies lowered their price target on  Hersha Hospitality to $12 from $13 and  Sunstone Hotel Investors  to $11 from $12.

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% 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. According to the latest UNWTO World Tourism Barometer , international tourist arrivals almost tripled from January to July 2022 (+172%) compared to the same period in 2021

Japan Prime Minister Fumio Kishida  is pledging to increase inbound tourism spending to more than 5 trillion yen per year. OYO  has introduced an improved flagship  patron-facing app – CO-OYO . The Economic Times reported on  the comeback of “big fat weddings” in India .

Bernstein  initiated coverage on  Airbnb  with an Outperform rating and $143 price target. B of A Securities  cut their rating on Membership Collective to Underperform from Buy. They lowered their price target to $4 from $12. Service Properties Trust  announced it amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.