Baird/STR Hotel Stock Index down 0.9% in March
 
Baird/STR Hotel Stock Index down 0.9% in March
03 APRIL 2019 8:31 AM

Year to date, the index is up 14.1%, according to Baird and STR.

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index dipped 0.9% in March to 4,642. Year to date through the first three months of 2019, the index was up 14.1%.

“Hotel stocks underperformed their respective benchmarks in March and both sub-indices finished the month down slightly,” said Michael Bellisario, senior hotel research analyst and VP at Baird. “Industry fundamentals year to date have been a bit below the recent trend line, and, as a result, hotel stocks’ upward momentum slowed in March despite the broader stock market continuing to move higher.”

“It is not a surprise to see investors a bit more bearish than in recent months as U.S. RevPAR continues to grow with even less momentum than expected,” said Amanda Hite, STR’s president and CEO. “The situation will be a bit tricky over the next month or so as the Easter calendar shift affects group business and overall performance comparisons with last year. One constant we do expect for the next several months is strong performance growth in San Francisco, in comparison with a low base last year, lifting overall U.S. numbers.”

March performance of the Baird/STR Hotel Stock Index lagged behind both the S&P 500 (+1.8%) and the MSCI US REIT Index (+2.7%).

The Hotel Brand sub-index decreased 0.4% from February to 7,008, while the Hotel REIT sub-index dropped 1.9% to 1,593.

Media Contacts:

Nick Minerd
STR – Communications Director
nminerd@str.com
+1 (615) 824-8664 ext. 3305

Ashley Bakke
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.