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Baird/STR Hotel Stock Index up 5.5% in February

March 18, 2014 Statistics & Trends No Comments Email Email

The Baird/STR Hotel Stock Index reported a 5.5-percent increase to 3,249 in February. The index ended 2013 at 3,177.

Loeb_DavidRobert 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 both the MSCI REIT (RMZ) (+4.6 percent) and the S&P 500 (+4.3 percent) during February.

RandySmith“Hotel stocks had a better month after a slow start to the year,” said Randy Smith, co-founder and chairman of STR. “Hotel performance continues to hold steady. We are predicting fundamentals will continue to stay positive this year, though the growth will become more moderate than we’ve seen recently.”

“Hotel stocks bounced back in February as emerging market fears subsided and investors focused on earnings reports and companies’ 2014 outlooks,” said David Loeb, senior hotel research analyst and managing director at Baird. “Despite the inclement weather year to date that has had a negative impact on performance, hotel fundamentals remain sound and there is favorable momentum heading into the seasonally stronger spring quarter, which has investors optimistic and hotel stocks at or near cycle highs.”

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