Baird/STR Hotel Stock Index down 1.1% in March
 
Baird/STR Hotel Stock Index down 1.1% in March
09 APRIL 2018 7:27 AM

Through the first quarter of 2018, the Hotel Stock Index is down 2.1%.

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index closed March at 4,786, a 1.1% decrease from the previous month. Year to date through Q1, the stock index was down 2.1%. 

“Hotel stocks posted mixed results in March as the broader stock market remained volatile; the hotel REITs turned positive at the end of the month following Pebblebrook’s merger proposal with LaSalle,” said Michael Bellisario, senior hotel research analyst and VP at Baird. “Despite the recent M&A chatter, investors are not overly excited about hotel stocks, particularly the hotel REITs, as broader industry-specific concerns linger, and investors appear less optimistic about a RevPAR growth reacceleration in the near term.”

“RevPAR growth continued at a healthy pace through February and into March,” said Amanda Hite, STR’s president and CEO. “Although partially driven by hurricane-related demand, February was actually the industry’s 96th consecutive month with a year-over-year RevPAR increase. March will continue that run even with lower results in the last week of the month due to the Easter calendar shift from April. After eight years of growth, industry stakeholders are rightly wondering how long the upcycle can last, but we expect growth for the foreseeable future, albeit at a slower pace.”

The March decrease in the Baird/STR Hotel Stock Index was lower than that of the S&P 500 (-2.7%). The MSCI REIT (RMZ) showed the only increase of the three (+3.2%).

The Hotel Brand sub-index decreased 2.9% to 7,352 from February to March. The Hotel REIT sub-index increased 3.2% to 1,576.

As of 1 April, La Quinta Holdings was replaced in the hotel stock index with Chesapeake Lodging Trust, given the announced sale of the La Quinta brand to Wyndham Worldwide.

Media Contacts:

Nick Minerd
STR - Public Relations Manager
nminerd@str.com
+1 (615) 824-8664 ext. 3305

Ashley Bakke
Baird Public Relations
publicrelations@rwbaird.com
+1 (414) 765-7250

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

2 Comments

  • Lissa April 21, 2018 1:28 AM Reply

    Alaoizaam-infkrmataon found, problem solved, thanks!

  • Lissa April 21, 2018 1:28 AM Reply

    Alaoizaam-infkrmataon found, problem solved, thanks!

Comments that include blatant advertisements or links to products or company websites 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.