Kimpton

The markets brightened their mood somewhat on Wednesday. The  DJIA rose 1.89%, Nasdaq was up 2.05%, the S&P 500 climbed 1.96% and the 10-year treasury yield had its steepest one-day drop since March 2009. STR reported US lodging data for the week ended 9/24. Hotel RevPAR was up 30.3% year over year while up 13.7% when compared with the same week in 2019. Dajia Insurance Group Co has put three hotels in the US up for sale, hoping to generate US$1.3 billion to take advantage of an expected surge in leisure travel and resort business.

The DJIA  fell another 313 points, Nasdaq was down 110, the S&P 500 was down 44 points and if you thought mortgages were high before, the 10-year treasury yield was up another .08 to 3.57%. Playa Hotels & Resorts announced its board of directors reauthorized the repurchase of up to $100 million of the company’s outstanding shares. According to Hodges Ward Elliott's Q2 report , the New York City hospitality sector continues its recovery as travel surges and hotels reopen.

Tomorrow is the first day that foreign citizens from 41 countries will be allowed to enter Macau  since the start of this crisis. The travelers will still have to undergo seven days of quarantine in a designated hotel followed by another three days of self-health monitoring. Control of theme park  Huis Ten Bosch Park in Japan  is being transferred to Hong Kong-based asset management firm  PAG . IHG Hotels & Resorts  announced the opening of its  600th hotel in Greater China with the debut of Kimpton Bamboo Grove Suzhou.