Baird/STR Hotel Stock Index up double-digits in Q1
The Baird/STR Hotel Stock Index ended March with a 4.8-percent increase and ended first-quarter 2012 with a 19.7-percent increase to 2,424. The index ended 2011 at 2,025.
The Baird/STR Hotel Stock Index outperformed both the MSCI REIT (RMZ) (+4.7 percent) and the S&P 500 (+3.1 percent). The RMZ ended the quarter with a 9.8-percent increase, and the S&P 500 ended with a 12.0-percent increase.
"The Baird/STR Hotel Stock Index started the year off strong compared to 2011, illustrating the restored confidence in the hotel industry," said Randy Smith, chairman and co-founder at STR. "Even up against tough year-over-year comparisons, the industry"s metrics are stable. There is still a long way to go, but we remain hopeful the industry will continue to strengthen."
"After pulling back a bit in mid-February, hotel stocks continued their upward trend since bottoming in early October last year," said David Loeb, senior hotel research analyst and managing director at Baird. "Demand trends have remained robust and investors are looking to the stronger second and third quarters to gauge the strength of the recovery."
About the Baird/STR Hotel Stock Index
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.
The Index is available exclusively on www.hotelstockindex.com and www.HotelNewsNow.com. The Baird/STR Hotel Stock Index is a cobranded index created by Robert W. Baird & Co. (Baird) and Smith Travel Research, Inc. (STR). The market-cap weighted Index is comprised of 15 of the largest market capitalization hotel companies publicly traded on a U.S. exchange and attempts to characterize the performance of hotel stocks. The Index is maintained by Baird and is hosted on HotelNewsNow.com. The Index is not actively managed and a direct investment cannot be made in it.
The companies that comprise the Baird/STR Hotel Stock Index: Choice Hotels International, DiamondRock Hospitality, Hersha Hospitality Trust, Hospitality Properties Trust, Host Hotels & Resorts, Hyatt Hotels Corporation, InterContinental Hotels Group, LaSalle Hotel Properties, Marriott International, Pebblebrook Hotel Trust, RLJ Lodging Trust, Starwood Hotels & Resorts Worldwide, Strategic Hotels & Resorts, Sunstone Hotel Investors and Wyndham Worldwide.
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 oversees and manages client assets of nearly $84 billion. Committed to being a great place to work, Baird ranked No. 21 on Fortune"s 100 Best Companies to Work For in 2012–its ninth 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 private equity operations. For more information, please visit Baird"s website at http://www.rwbaird.com//ohttp://www.rwbaird.com/" target="_blank">www.rwbaird.com.
Rachael Spann Urie
Director, Public Relations
Phone: +1 (615) 824-8664 ext. 3305
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.