{"id":11631,"date":"2024-11-06T12:17:21","date_gmt":"2024-11-06T17:17:21","guid":{"rendered":"https:\/\/www.bu.edu\/bhr\/?page_id=11631"},"modified":"2024-12-03T12:36:41","modified_gmt":"2024-12-03T17:36:41","slug":"hospitality-stockwatch-november-2024","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/bhr\/hospitality-stockwatch-november-2024\/","title":{"rendered":"Hospitality Stockwatch &#8211; November 2024"},"content":{"rendered":"<p><b>Authors<\/b><b><br \/>\n<\/b><a href=\"https:\/\/www.bu.edu\/bhr\/profile\/dr-arun-upneja\/\"><b>Arun Upneja, Ph.D. MBA,<\/b><\/a><span>\u00a0<\/span><b>Dean, Boston University School of Hospitality Administration<br \/>\n<\/b><b><a href=\"https:\/\/www.bu.edu\/bhr\/profile\/10133\/\">Steve Kent, Ph.D., CFA<\/a>,<\/b><b><span>\u00a0<\/span>Assistant Professor, Molloy University-School of Business<\/b><\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/www.bu.edu\/bhr\/files\/2023\/02\/Graphic-Design-e1675718733823.png\" alt=\"\" width=\"403\" height=\"202\" class=\"wp-image-10170 alignnone\" \/><\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"500px\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vQKuO1RVW32tY1HVfZlSbPQbfmInG2dwcuMKgEA6GL7P6y8wKf4KwPitsYuEcb3ow\/pubhtml?widget=true&amp;headers=false\"><\/iframe><\/p>\n<p>October had its challenges. One of the authors of Hospitality Stockwatch is a New Yorker, and the Mets did not make it to the World Series, and the Yankees lost the World Series. The other author, a Bostonian, was disappointed the Red Sox didn\u2019t even make it into the October playoffs. Not to rub salt into the wound, but the stock market broke a bit from its winning streak with the S&amp;P 500 down 1%. The good news is that even with one rough month, the market is still up 20% for the year. The economy seems to be in balance as personal spending is solid, and even with a slight uptick in some of the inflation indicators. Price increases appear to moderate.<\/p>\n<p>In our hospitality and travel world, the airlines had a great month led by United Airlines up 37% on a solid quarter and detente on the price war. Car rental stocks continued the 2024 decline, with October declining 11.5%. Lodging REIT also took it on the chin down, 11.7%, possibly due to higher interest rates and increasing questions on RevPAR growth in the balance of 2024 and going into 2025.<\/p>\n<p><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vQKuO1RVW32tY1HVfZlSbPQbfmInG2dwcuMKgEA6GL7P6y8wKf4KwPitsYuEcb3ow\/pub?output=xlsx\"><strong>Click here to download Hospitality Stockwatch<\/strong><\/a><span> \u2013 Current as of November 1, 2024<br \/>\n<\/span><a href=\"https:\/\/www.bu.edu\/bhr\/archives\/\">View previous Hospitality Stockwatch Issues<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authors Arun Upneja, Ph.D. MBA,\u00a0Dean, Boston University School of Hospitality Administration Steve Kent, Ph.D., CFA,\u00a0Assistant Professor, Molloy University-School of Business October had its challenges. One of the authors of Hospitality Stockwatch is a New Yorker, and the Mets did not make it to the World Series, and the Yankees lost the World Series. The other [&hellip;]<\/p>\n","protected":false},"author":22921,"featured_media":0,"parent":0,"menu_order":9,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/pages\/11631"}],"collection":[{"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/users\/22921"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/comments?post=11631"}],"version-history":[{"count":2,"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/pages\/11631\/revisions"}],"predecessor-version":[{"id":11634,"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/pages\/11631\/revisions\/11634"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/bhr\/wp-json\/wp\/v2\/media?parent=11631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}