Kim 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.

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 .

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.

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

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.

The  DJIA  surged 765 points while  Nasdaq  was up 234, the  S&P 500  rose 90 points and the 10 year treasury yield was down .15 to 3.66% The  CBRE Hotels Research State of the Union  showcases a review of current hotel trends, leading and coincident indicators of hotel demand, and an update on cost pressures and margin flow-through. Nearly all hotels are experiencing staffing shortages , according to a new member survey conducted by the  American Hotel & Lodging Association .

The  DJIA  surged 765 points while  Nasdaq  was up 234, the  S&P 500  rose 90 points and the 10 year treasury yield was down .15 to 3.66%. Raymond James  reported on  hotels impacted by Hurricane Ian ’s decimation of southwest Florida. While Tampa Bay dodged the bullet, Sarasota all the way down took a hit led by Naples, Fort Myers, Sanibel, Captiva, Boca Grande, Venice and Punta Gorda. Aimbridge Hospitality  announces its  international division , Interstate Hotel & Resorts has launched its new corporate identity, formally debuting as the Aimbridge EMEA division.

A new  American Express Global Business Travel report  suggests  hotel rates worldwide will increase again in 2023 thanks to pent up demand for in person meetings. Choice Hotels  International announced the opening of the first  Everhome Suites hotel, debuting in  Corona, California . HN Capital Partners  announced the acquisition of the historic  Rosewood Mansion on Turtle Creek , an iconic century old former private estate in Dallas.

The  DJIA  dropped 1.54%,  Nasdaq  fell 2.84%, the  S&P 500  declined 2.11% and the  10-year treasury yield  rose slightly, to 3.76%. After an outstanding summer of travel,  Amadeus’  Agency360 and Demand360 data sources are showing  strong recovery indicators for the remainder of 2022  and evidence of growing traveler confidence as the sector looks towards 2023. Service Properties Trust  announced it entered into a purchase and sale agreement to sell  16 Marriott branded hotels  totaling 2,155 keys for $137.3 million.