Baird/STR Hotel Stock Index jumps 5.3% in April
Year to date through the first four months of 2019, the Hotel Stock Index is up 20.1%.
HENDERSONVILLE, Tennessee, and MILWAUKEE — The Baird/STR Hotel Stock Index grew 5.3% in April to 4,886. Year to date through the first four months of 2019, the index was up 20.1%.
"Once again surprising, but also reassuring to see that investor sentiment remains on the bigger picture and not just recent performance," said Amanda Hite, STR's president and CEO. "After a weaker-than-expected March, preliminary data for April looks uninspiring, due in large part to the anticipated decline in group business around Easter. Overall, we continue to be optimistic that RevPAR growth will continue despite diminished pricing confidence. In addition to the ongoing discussions around rising labor costs and shrinking profit margins, we're continuing to watch the Top 25 Markets and the limited service classes, which will continue to be hampered by strong supply growth that shows no sign of abating."
April performance of the Baird/STR Hotel Stock Index surpassed both the S&P 500 (+3.9%) and the MSCI US REIT Index (-0.4%).
The Hotel Brand sub-index jumped 7.3% from March to 7,521, while the Hotel REIT sub-index rose 1.4% to 1,615.
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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. For more information, please visit str.com.