This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
Baird/STR Hotel Stock Index up 0.4% in April
May 17 2013

The Baird/STR Hotel Stock Index reported a 0.4% increase in April to 2,784. Year-to-date 2013, the Baird/STR Hotel Stock Index is up 13.7%.

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index reported a 0.4-percent increase in April to 2,784. Year-to-date 2013, the Baird/STR Hotel Stock Index is up 13.7 percent. 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 underperformed both the MSCI REIT (RMZ) (+6.6 percent) and the S&P 500 (+1.8 percent) in March.

“April was a quieter month for the Baird/STR Hotel Stock Index, as first quarter 2013 earnings were reported,” said Randy Smith, co-founder and chairman at STR. “As we approach the summer travel season, preliminary performance data for April continues to show growth. We expect hotels to have a busy season, with average daily rate to rise 4.4 percent and revenue per available room to increase 5.4 percent.”

"Hotel stocks underperformed in April ahead of first quarter earnings reports as investors' expectations were elevated," said David Loeb, senior hotel research analyst and managing director at Baird. "Hotel stocks have had a very strong run off their November lows and investors have begun to take profits as some stocks have hit new cycle highs; the impact from sequestration has been minimal so far and demand trends remain strong."

Media Contacts:

Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318

Rachael Spann Urie
Director, Public Relations
rurie@str.com
+1 (615) 824-8664 ext. 3305
 
Angela Pittman Taylor
Baird Public Relations
apittmantaylor@rwbaird.com
+1 (414) 765-7250

COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include links or URLs will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff

TRENDING
10 things to know: Industries affecting hotels
How to get to No. 1 on TripAdvisor
HDC 2014
5 changes coming in hotel financial reporting
New laws aid US condo-hotel development
Hotel bets going bust in Atlantic City
VIDEO
HDC attendees discuss revenue strategies
Hotel Data Conference: Day Two in review
Hotel Data Conference: Day One in review
NYU Investment Conference Recap
Hunter Hotel Conference postgame wrap
LATEST NEWS
Please ... please don't show your rear
Union hotels take a hit on profits
How to merge face to face with technology
5 performance trends in the top 25 US markets
5 boutique and convention hotel trends
Really? Condo-hotels are back
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2014 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy