McNeill Investment Group

Ashford Hospitality Trust says its preliminary second quarter results show increased RevPAR year over year, despite a small dip in June.

Home2 Suites by Hilton announced its newest property, Home2 Suites by Hilton Phoenix Downtown.

Wells Fargo predicts a stabilization in interest rates in 2024, benefiting hotel sector growth, with a focus on high-end leisure and Asia Pacific markets. Oppenheimer raised the target price for Host Hotels, and Driftwood Capital secured a significant refinancing loan for Hilton Cocoa Beach Oceanfront Hotel. There were key personnel changes in various hotel groups, such as Concord Hospitality and Great Wolf Resorts, indicating a focus on business development and wellness.

The  DJIA  ended the day down 280 points while  Nasdaq  was down 67, the  S&P 500 fell 31 points and the 10 year treasury yield was up .02 to 3.13%. Lodging stocks were lower.  MCG  fell -8% today and hit a new all time low.  SOND  was up 5%. STR  said  U.S. hotel RevPAR  for the week ending August 27 th  was up 18.2%.  RevPAR versus the same week in 2019 was up 12.1%. Speaking during a session at the  Hotel Data Conference ,  AirDNA Director of Product Max Bernstein  said as of June 2022,  demand for short-term rentals  is up 21% indexed to 2019

Membership Collective Group shares took it on the chin today, announcing 2Q results on a day when investors were not in the mood for anything. Host Hotels’ price target was raised to $20 by Citigroup . Baird issued a bullish report on Apple Hospitality REIT but removed the Bullish Fresh Pick designation as shares have increased 18% since their positive call in late June.

The DJIA fell 58 points, Nasdaq was down 151, the S&P 500 was down 18 points, and the 10-year treasury yield was up .03 to 2.80%. The second half of the earnings season included a sparkler from Hyatt, while IHGwent back to returning money to shareholders with dividends and up to $500 million in share buybacks. According to the recently released Q2 2022 Canada Construction Pipeline Trend Report from Lodging Econometrics , at the close of the quarter, the total construction pipeline in Canada stands at 261 projects.