Baird/STR Hotel Stock Index jumps 4.1% in May
Baird/STR Hotel Stock Index jumps 4.1% in May
12 JUNE 2018 7:35 AM

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.”

“Although there was a bit of an artificial boost from the Easter calendar shift, April hotel performance results appeared strong enough to help lift investor confidence in the sector in May,” said Amanda Hite, STR’s president and CEO. “Weekday and weekend performance produced healthy indicators once again, which reinforced the indication of strong demand in both the leisure and business segments. April was also the fifth time in the past six months with a year-over-year decrease in hotel construction activity. That trend could indicate that construction has plateaued in the current growth cycle. As shown in our updated forecast, the industry continues to break records with growth expected for the foreseeable future.”

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.

Media Contacts:

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

Ashley Bakke
Baird Public Relations
+1 (414) 765-7250

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