Baird/STR Hotel Stock Index up 1.6% in September
Year to date through September, the Baird/STR Hotel Stock Index is up 13.9%.
HENDERSONVILLE, Tennessee, and MILWAUKEE — The Baird/STR Hotel Stock Index increased 1.6% in September to 4,634. Year to date through the first nine months of 2019, the index was up 13.9%.
"Any positive with the hotel stock index as a whole is encouraging given recent industry fundamentals," said Amanda Hite, STR's president and CEO. "Pricing weakness continues to weigh on operators' minds, and continued healthy demand growth is not translating into higher occupancies as new supply is also on the climb. Add wider macroeconomic and political uncertainty to the equation, and we're likely to see dampened enthusiasm around the industry continue."
September performance of the Baird/STR Hotel Stock Index was behind both the S&P 500 (+1.7%) and the MSCI US REIT Index (+2.3%).
The Hotel Brand sub-index fell 0.2% from August to 7,238 while the Hotel REIT sub-index jumped 5.6% to 1,486.
Chesapeake Lodging Trust was acquired by Park Hotels & Resorts on 18 September 2019, and effective the same day, Hersha Hospitality Trust (HT) replaced Chesapeake Lodging Trust (CHSP) in the Baird/STR Hotel Stock Index and the Baird/STR Hotel REIT Sub-Index.
Effective 25 September 2019, Hospitality Properties Trust (HPT) changed its name to Service Properties Trust (SVC).
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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