Baird/STR Hotel Stock Index jumps 11.8% in November
 
Baird/STR Hotel Stock Index jumps 11.8% in November
15 DECEMBER 2016 9:01 AM

In November 2016, the Baird/STR Hotel Stock Index climbed 11.8% to close the month at 3,474. Year to date, the index has risen 12.3%.

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index increased 11.8% in November to close the month at 3,474. Year to date, the index has grown 12.3%.

“Investor sentiment shifted after the election, and stock gains accelerated much like weekly RevPAR (revenue per available room) growth,” said Amanda Hite, STR’s president and CEO. “RevPAR figures were much stronger than expected, and we think November will go in the books as an outlier. We do not expect the election result to serve as a demand catalyst beyond forecasted levels, but perhaps the overall growth slowdown the industry is facing will ease a bit in 2017.”

“Hotel stocks experienced huge gains in November, especially after the election, as investors embraced the prospects for stronger economic growth,” said David Loeb, senior hotel research analyst and managing director at Baird. “November RevPAR growth trends were solid, potentially due to the realization of pent-up pre-election demand, and hotel stock valuations today are pricing in a much lower probability of slower or slowing RevPAR growth in 2017.”

The Baird/STR Hotel Stock Index for November outperformed both the S&P 500 (+3.4%) and the MSCI REIT (RMZ) (-2.0%).

The Hotel Brand sub-index increased 10.5% in November to 4,598. The Hotel REIT sub-index jumped 14.3% to 1,545 during the month.

Media Contacts:

Jeff Higley
STR
VP, Digital Media & Communications
jhigley@str.com
+1 (615) 824-8664 ext. 3318

Nick Minerd
STR
Public Relations Manager
nminerd@str.com
+1 (615) 824-8664 ext. 3305

Angela Pittman Taylor
Baird Public Relations
publicrelations@rwbaird.com
+1 (414) 765-7250

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.