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Baird/STR Hotel Stock Index down 3.1% in January

February 26, 2014 Statistics & Trends No Comments Email Email

Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index reported a 3.1-percent decrease to 3,079 in January. The index ended 2013 at 3,177.

RandySmith

RandySmith

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 Hotel News Now, the industry’s leading hotel news website.

The Baird/STR Hotel Stock Index outperformed the S&P 500 (-3.6 percent), but underperformed  the MSCI REIT (RMZ) (+4.1 percent), during January.

“Hotel stocks performed rather poorly in January,” said Randy Smith, co-founder and chairman of STR. “The Baird/STR Hotel Stock Index reflected the rising concern about the course of the economy and the travel industry. So while industry fundamentals continue to steadily improve, investors are clearly concerned about the strength and duration of the rebound.”

Loeb_David

Loeb_David

“Hotel stocks reversed course in January as the broader market pulled back in the wake of emerging market fears; money flowed into other real estate sectors following last year’s massive underperformance,” said David Loeb, senior hotel research analyst and managing director at Baird. “Rising interest rate fears have largely abated and investors are focused on upcoming fourth-quarter earnings reports and 2014 outlooks, which could ease investors’ concerns about slowing growth.”

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