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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 another 0.6% on Tuesday, Nasdaq was down 0.1%, the S&P 500 fell 0.5% and the 10-year treasury yield rose to 3.963%, its peak since 2010. Truist reported on a conference call it held with corporate travel data company Tripbam . Takeaways included that any indications of a recession have not yet shown up in business travel bookings and pricing data . Evercore ISI Group upped its rating on Hyatt to Outperform from In Line. Their price target is $100.

The  DJIA  rose 230 points while  Nasdaq  was up 154, the  S&P 500  rose 43 points and the  10-year treasury yield  was up .04 to 3.36%. Lodging stocks were modestly higher. IHG’s hack appears to be a lot worse than the ones at other hotels as the ransomware attack may very well impact their 3Q results as they continue to have their online reservation system crippled by the attack. Watermark Lodging Trust  said the proposed acquisition of the company by private real estate funds managed by  Brookfield  was approved by its stockholders.

Fed Chief Jerome Powell once again roiled the financial markets with a speech. JP Morgan cut its view on IHG Hotels & Resorts to Neutral from Overweight. Hoteliers did not seem very pleased with the US General Services Administration’s increase in lodging per diems for 2023.

The  DJIA  rose 323 points while  Nasdaq  jumped 208, the  S&P 500  rose 59 points, and the  10-year Treasury yield  took a breather, down .08 to 3.03%. Inflation, energy prices, supply chain challenges, labor shortages, and regional developments are  pushing the forecast for full recovery into 2026,  instead of the previously forecasted 2024. According to the latest monthly data from  STR  and  CoStar , the number of  groups booking U.S. hotel rooms  continued to increase in June, although individual business travel continued to lag.

The  DJIA  rose 61 points,  Nasdaq  was up 50, the  S&P 500  was up 12 points and the  10-year Treasury yield  is quickly rising to where it peaked in June, up another .05 to 3.11%. STR said US RevPAR  for the week ended 8/20 was up 16.9% versus the same week last year. Global hotel groups are holding near-record amounts of cash.  Seven of the best-known hotel groups were collectively sitting on about $7.3 billion in cash and short-term investments as of the end of June .

The DJIA surged 515 points, Nasdaq was up 361, the S&P 500 was up 88 and suddenly the 10 year treasury yield is calm and the indexes are nuts again. STR said US Lodging RevPAR was up 12.2% year over year for the week ended 8/6. Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast.

The equity indexes have really calmed down while treasuries get really volatile. Lodging stocks were higher. AINC was the big mover, up 11%. SMBC Nikko cut its rating on Park Hotels & Resorts to Neutral from Outperform. Its price target is $16. The CBRE Hotels Research State of the Union showcases current demand trends, as well as fundamentals by segment, location type and chain scale.