Commonwealth Hotels

North America

Ryman, Summit and Apple Report Growth

Ryman and Apple Hospitality both reported earnings beats, with Ryman raising its dividend and Apple buying back shares and tightening guidance, while Summit grew results despite hurricanes.
Alan Woinski and Kim Woinski | 4 weeks ago
North America

Hyatt Acquires ‘me and all hotels’ Brand in Europe

The DJIA ended Friday down 40 points while Nasdaq was down 126, the S&P 500fell 22 points and the 10 year treasury yield was up .06 to 4.34%. Lodging stocks had a good day despite…
Alan Woinski and Kim Woinski | 5 months ago
North America

Las Vegas Saw 20% Increase in Convention Attendees in 2023

Las Vegas saw a significant tourism and economic boost in 2023, highlighted by a surge in convention attendance, international visitors, and major events like the Las Vegas Grand Prix and the Super Bowl.
Alan Woinski and Kim Woinski | 8 months ago
North America

Club Med Says It’s Hit a Milestone

Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever.
Alan Woinski and Kim Woinski | 9 months ago
North America

Marriott Doesn’t See Price Sensitivity Yet

Stock market: DJIA fell 233 points, Nasdaq rose by 53 points, and S&P 500 increased by 4 points Federal Reserve: Paused interest rate hikes but anticipates at least two more in the next 6 months, causing confusion in the financial markets Lodging industry: SOND experienced a notable decline of -7%, while other lodging stocks were modestly lower. Various hotel companies reported on post-pandemic themes, opportunities for rate growth, and potential impacts of a recession scenario.
Alan Woinski and Kim Woinski | 1 year ago
North America

CBRE Raises Hotel Performance Forecast for 2023

STR reported US RevPAR for the week ended May 13 was down -1.3% year over year, possibly impacted by Mother’s Day timing. CBRE is again raising its forecast for hotel performance this year . The company has revised its forecast for 2023 RevPAR to $97.89, up 6.0% YOY and an increase of $0.43 from its previous forecast. Hilton announced the opening of Canopy by Hilton San Francisco SoMA .
Alan Woinski and Kim Woinski | 2 years ago
North America

U.S. Fed Slows Tightening, Hotel Investors Set to Act

Citigroup upped their target price on Park Hotels & Resorts to $15 from $13 while maintaining their Neutral rating. They also upped their target price on Pebblebrook Hotel Trust to $16.50 from $15. They also maintained their Neutral rating on PEB. Accor’s private rental brand, onefinestay , has launched monthly stays in New York with 16 homes available to book and many more being added over the coming months.
Alan Woinski and Kim Woinski | 2 years ago