Baird/STR Hotel Stock Index up 6.5% in January
The Baird/STR Hotel Stock Index reported a 6.5-percent increase in January to 2,608. The index ended 2012 at 2,448. Robert W. Baird and Co. and STR partnered to create the Baird/STR Hotel Stock Index—the first widely available U.S. hotel stock index in the hotel industry.
HENDERSONVILLE, Tennessee, and MILWAUKEE -- The Baird/STR Hotel Stock Index reported a 6.5-percent increase in January to 2,608. The index ended 2012 at 2,448.
Robert W. Baird and Co. and STR partnered to create the Baird/STR Hotel Stock Index—the first widely available U.S. hotel stock index in the hotel industry. The index combines Baird’s financial markets expertise, the data processing of STR and the up-to-the-minute distribution capabilities of HotelNewsNow.com, the industry’s leading hotel news website.
The Baird/STR Hotel Stock Index outperformed both the MSCI REIT (RMZ) (+3.5 percent) and the S&P 500 (+5.0 percent) in January.
“The Baird/STR Hotel Stock Index started 2013 on a positive note,” said Randy Smith, co-founder and chairman at STR. “With positive performance expected for 2013, investors are keeping an eye on the industry. And we are forecasting favorable performance increases across the board, most notably in average daily rate and revenue per available room.”
"Hotel stocks started the year on a strong note and outperformed for the third consecutive month," said David Loeb, senior hotel research analyst and managing director at Baird. "With the fiscal cliff averted and the debt ceiling delayed, we expect investors to be focused on management teams' 2013 outlooks with fourth-quarter reporting season just around the corner; supply-and-demand fundamentals remain favorable, but valuation keeps us cautious especially after the recent run up in stock prices."
The Baird/STR Hotel Stock Index was set to equal 1,000 on 1 January 2000, as its starting point. The Index reached its peak of 3,178 on 5 July 2007. The Index’s lowest point occurred on 6 March 2009, when it dropped to 573.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,700 associates serving the needs of individual, corporate, institutional and municipal clients. Baird had nearly $99 billion in client assets on Dec. 31, 2012. Committed to being a great place to work, Baird ranked No. 14 on FORTUNE’s 100 Best Companies to Work For in 2013 – its tenth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s Web site at
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