US Hotel Values Face 10% Declines as Borrowing Costs Rise
Published . Updated .
This report is about US interest rates and travel.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “borrowing costs” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF-0.9% 30d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “borrowing costs” (US interest rates) in this story.
- XLY Consumer Discretionary Select Sector SPDR+3.0% 30d
Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “hotel” (travel) in this story.
- JPM JPMorgan Chase-1.7% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “borrowing costs” (US interest rates) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “borrowing costs” (US interest rates) in this story.
- BKNG Booking Holdings-10.3% 30d
Booking Holdings (transportation services): travel firms move with tourism demand. Linked by “hotel” (travel) in this story.
- MAR Marriott International+4.9% 8d
Marriott International (hotels and motels): travel firms move with tourism demand. Linked by “hotel” (travel) in this story.
- RCL Royal Caribbean Cruises+21.6% 30d
Royal Caribbean Cruises (water transportation): travel firms move with tourism demand. Linked by “hotel” (travel) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | -0.18% | +0.20% | base | after close | after close | after close | after close |
| IEF | -0.21% | -0.16% | base | after close | after close | after close | after close |
| XLY | -2.63% | -0.63% | base | after close | after close | after close | after close |
| JPM | -3.51% | -2.27% | base | after close | after close | after close | after close |
| BAC | -1.15% | -0.92% | base | after close | after close | after close | after close |
| BKNG | +3.58% | -0.19% | base | after close | after close | after close | after close |
| MAR | -2.27% | -2.36% | base | after close | after close | after close | after close |
| RCL | -10.84% | -4.60% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
US Hotel Values Face 10% Declines as Borrowing Costs Rise Asian Hospitality
Source: Asian Hospitality
How far Ishares Tr (TLT) has moved since 30 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | three days earlier | -0.92% | final price |
| Bank Of America (BAC) | five days earlier | -1.15% | final price |
| Booking Holdings (BKNG) | three days earlier | -0.19% | final price |
| Booking Holdings (BKNG) | five days earlier | +3.58% | final price |
| Ishares Tr (IEF) | three days earlier | -0.16% | final price |
| Ishares Tr (IEF) | five days earlier | -0.21% | final price |
| Jpmorgan Chase (JPM) | three days earlier | -2.27% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -3.51% | final price |
| Marriott International (MAR) | three days earlier | -2.36% | final price |
| Marriott International (MAR) | five days earlier | -2.27% | final price |
| Royal Caribbean Cruises (RCL) | three days earlier | -4.60% | final price |
| Royal Caribbean Cruises (RCL) | five days earlier | -10.84% | final price |
| Ishares Tr (TLT) | three days earlier | +0.20% | final price |
| Ishares Tr (TLT) | five days earlier | -0.18% | final price |
| Select Sector Spdr Tr (XLY) | three days earlier | -0.63% | final price |
| Select Sector Spdr Tr (XLY) | five days earlier | -2.63% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 51 days before publication. Filed 21 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 56 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 56 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 64 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 51 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 67 days before publication. Filed 16 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Booking Holdings (BKNG) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Booking Holdings (BKNG) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Booking Holdings (BKNG), worth $250,001 - $500,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Royal Caribbean Cruises (RCL), worth $100,001 - $250,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TLT)
Companies mentioned with this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “US Hotel Values Face 10% Declines as Borrowing Costs Rise.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “borrowing costs” (US interest rates) in this story
- IEF Ishares Tr
In “US Hotel Values Face 10% Declines as Borrowing Costs Rise,” Ishares Tr (IEF) is linked, with no stored direction, medium confidence. Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “borrowing costs” (US interest rates) in this story
- XLY Select Sector Spdr Tr
In “US Hotel Values Face 10% Declines as Borrowing Costs Rise,” Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence. Reason on file: Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “hotel” (travel) in this story
- JPM Jpmorgan Chase
Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “US Hotel Values Face 10% Declines as Borrowing Costs Rise.” Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “borrowing costs” (US interest rates) in this story
- BKNG Booking Holdings
Booking Holdings (BKNG) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “US Hotel Values Face 10% Declines as Borrowing Costs Rise.” Reason on file: Booking Holdings (transportation services): travel firms move with tourism demand. Linked by “hotel” (travel) in this story
- BAC Bank Of America
For “US Hotel Values Face 10% Declines as Borrowing Costs Rise,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “borrowing costs” (US interest rates) in this story
- MAR Marriott International
For “US Hotel Values Face 10% Declines as Borrowing Costs Rise,” Marriott International (MAR) is linked, with no stored direction, medium confidence. Reason on file: Marriott International (hotels and motels): travel firms move with tourism demand. Linked by “hotel” (travel) in this story
- RCL Royal Caribbean Cruises
Royal Caribbean Cruises (RCL) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “US Hotel Values Face 10% Declines as Borrowing Costs Rise.” Reason on file: Royal Caribbean Cruises (water transportation): travel firms move with tourism demand. Linked by “hotel” (travel) in this story
How “US Hotel Values Face 10% Declines as Borrowing Costs Rise” reaches Ishares Tr (TLT)
On 30 Oct 2026, “US Hotel Values Face 10% Declines as Borrowing Costs Rise” is the story that connects Ishares Tr (TLT) to this story.
Ishares Tr (TLT) is on the page because iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “borrowing costs” (US interest rates) in this story
A second company, Ishares Tr (IEF), is listed for a different reason: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “borrowing costs” (US interest rates) in this story
Price levels for Ishares Tr (TLT)
IEF traded between 88.64 and 91.23 across 20 sessions. The latest close on file is 90.08. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46. XLY traded between 110.58 and 116.77 across 18 sessions. The latest close on file is 116.18.
How solid “US Hotel Values Face 10% Declines as Borrowing Costs Rise” looks
46 out of 100
“US Hotel Values Face 10% Declines as Borrowing Costs Rise” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.