Baird/STR Hotel Stock Index
Baird/STR Hotel Stock Index Fell 19.3% in June
Baird | July 13, 2022
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 19.3% in June to a level of 4,504. Year to date through the first six months of 2022, the stock index decreased 21.6%. “Hotel stocks continued on their downward trajectory in June and were significant relative underperformers as investors began to factor in an increasing likelihood of an impending recession,” said Michael Bellisario, senior hotel research analyst and director at Baird. “While the upcoming summer travel months are expected to be strong, investors are looking beyond the near-term fundamental strength to a period when demand and AD...
Baird/STR Hotel Stock Index Rose 4.1% in February
STR | March 14, 2022
HENDERSONVILLE, Tennessee, and MILWAUKEE — March 14, 2022 — The Baird/STR Hotel Stock Index rose 4.1% in February to a level of 5,753. Year to date through the first two months of 2022, the stock index increased 0.2%. “Hotel stocks posted gains in February and were relative outperformers for the third consecutive month,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Despite increased stock market volatility and growing geopolitical concerns, investors remained focused on the reopening momentum and improving demand trends as Omicron-related disruptions are in the rearview mirror and corpo...
Baird/STR Hotel Stock Index Jumped 12.7% in December, Ended Year Up 25.6%
Baird | January 7, 2022
HENDERSONVILLE, Tennessee, and MILWAUKEE — January 7, 2022 — The Baird/STR Hotel Stock Index jumped 12.7% in December to a level of 5,744. For 2021 as a whole, the stock index was up 25.6%. “Hotel stocks ended a volatile year with strong gains in December as the worst-case scenarios related to the Omicron variant appeared unlikely to unfold as initially feared,” said Michael Bellisario, senior hotel research analyst and director at Baird. “With the big rebound into year-end, the hotel brands ended up slightly outperforming the S&P 500 in 2021, while the hotel REITs – despite gaining 12% on the year – significantly...
Baird/STR Hotel Stock Index Fell 7.6% in November
STR | December 8, 2021
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 7.6% in November to a level of 5,099. Year to date through the first 11 months of 2021, the stock index was up 11.5%. “Hotel stock price volatility continued in November with both the Hotel brands and Hotel REITs significantly underperforming their respective benchmarks,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Two different investment narratives drove stock price performance during the month: In early November, third quarter earnings were better than expected, reopening optimism continued to gain momentum, and th...
Baird/STR Hotel Stock Index Jumped 6.8% in October
Baird | November 8, 2021
HENDERSONVILLE, Tennessee, and MILWAUKEE — November 8, 2021 — The Baird/STR Hotel Stock Index jumped 6.8% in October to a level of 5,520. Year to date through the first 10 months of 2021, the stock index was up 20.7%. “Hotel stocks increased for the second straight month, but performance was led by the hotel brands once again,” said Michael Bellisario, senior hotel research analyst and director at Baird. “The hotel REITs were marginally higher in October, while the hotel brands were the absolute and relative winners. Delta variant concerns are in the rearview mirror now, and investors are looking forward to the recovery continuin...
Baird/STR Hotel Stock Index Rose 5.2% in September
Baird | October 12, 2021
HENDERSONVILLE, Tennessee, and MILWAUKEE — October 12, 2021 — The Baird/STR Hotel Stock Index rose 5.2% in September to a level of 5,167. Year to date through the first nine months of 2021, the stock index was up 13.0%. “Hotel stocks rebounded strongly in September and finally broke their streak of six consecutive months of relative underperformance,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Delta variant concerns mostly subsided during the month, and hotel stocks benefited from higher interest rates and the broader market rotation that lifted all travel-related stocks.” “The post-Lab...
Baird/STR Hotel Stock Index Dipped 3.4% in August
STR | September 13, 2021
HENDERSONVILLE, Tennessee, and MILWAUKEE — September 13, 2021 — The Baird/STR Hotel Stock Index dipped 3.4% in August to a level of 4,911. Year to date through the first eight months of 2021, the stock index was up 7.4%. “Hotel stocks continued their streak of relative underperformance in August as investors remained focused on the impact of the Delta variant and the likely changes to post-Labor Day business travel trends,” said Michael Bellisario, senior hotel research analyst and director at Baird. “The near-term trajectory of the recovery has flattened; however, investors appear to have priced in near-term downside sce...
Baird/STR Hotel Stock Index Rose 1.9% in July
Baird | August 11, 2021
HENDERSONVILLE, Tennessee, and MILWAUKEE — August 11, 2021 — The Baird/STR Hotel Stock Index rose 1.9% in July to a level of 5,086. Year to date through the first seven months of 2021, the stock index was up 11.2%. “Hotel stocks were positive but performance was mixed in July with the hotel brands significantly outperforming the hotel REITs,” said Michael Bellisario, senior hotel research analyst and director at Baird. “While second-quarter earnings so far have exceeded expectations, investors appear to be focused on the potential impact of the Delta variant domestically, how business travel might unfold post-Labor Day, and broad...
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