Through May, the Baird/STR Hotel Stock Index is up 3.6% year over year.
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index closed May at 5,063, which was a 4.1% increase from the previous month. Year to date through May, the stock index was up 3.6%.
“Hotel stocks were higher in May led by significant outperformance by the hotel REITs,” said Michael Bellisario, senior hotel research analyst and VP at Baird. “Real-estate stocks broadly outperformed as interest rates declined during the month, and improving sentiment toward the hotel sector and strengthening fundamentals pushed stock prices higher amid continued M&A speculation.”
The Baird/STR Hotel Stock Index outperformed the S&P 500 (+2.2%) and the MSCI US REIT Index (+3.6%).
The Hotel Brand sub-index increased 0.5% to 7,438 from April. The Hotel REIT sub-index increased 11.8% to 1,830.
STR - Public Relations Manager
+1 (615) 824-8664 ext. 3305
Baird Public Relations
+1 (414) 765-7250
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