Hotel

Biotech Bloodbath: Hedge Fund Hotel Sarepta Collapses After Study Disappoints

Not every stocks grows to the sky like Tesla (which just hit $835 after hours)… In 2016, Sarepta Therapeutics suffered a catastrophic 50%-plus plunge after the FDA voted that SRPT’s muscular dystrophy drug was not effective… What happened next? Well it exploded higher of course… And now, in 2021, the hedge-fund-hotel has done it again,…

A Billion Unsold Room Nights And “It’s Going To Get Worse” As America’s Hotel Occupancy Rate Re-Plunges

By Tyler Durden A solid recovery in the hotel industry is years away as travel and tourism will likely remain suppressed well into 2021 as cities across the US have reinstated some form of coronavirus restrictions to mitigate the spread. As COVID-19 infections, hospitalizations, and deaths soar, along with a new mutation of the virus…

Q3 Bank CRE Loan Performance: Delinquencies Spike For Big Retail And Small Hotel Sectors

By commercial-real estate experts Trepp Summary: The overall credit performance of commercial real estate (CRE) loans in bank portfolios continues to show signs of pandemic related stress with increasing delinquency rates and charge-offs and downward migration of risk ratings. While anecdotal feedback from lenders indicates that relief granted through deferrals and forbearance early in the…

CPI Comes In Hotter Than Expected On Hotel, Airline Fares; Used Car Prices Drop

The latest inflation print for the month of November came in hotter than expected, with the BLS reporting that headline and core CPI rose by 0.2%, above expectations of a modest 0.1% increase. Both prints were 0.0% in October.  The food index decreased 0.1% in Nov. after rising 0.2% in Oct, while the Energy index…

Trapped Travelers In Australia “Scream From Hotel” After Being Ordered Into Another 2 Weeks Of Quarantine

Today in “it’s starting to look a lot like a prison-state using Covid as the excuse” news… Harrowing scenes are surfacing at the Peppers Adelaide medi-hotel in South Australia, where travelers who were already in a 14 day quarantine have been told that they have to undergo the 2 week process for a second time.  This…