Facebook Instagram LinkedIn
    • About Us
      • About MEET® Magazines
    List My Business        Advertise
    MEET® Family of Publications
    • Home
    • Subscribe
    • Magazines
      • MEET® Missouri
      • MEET® Kansas
      • MEET® Med
    • Articles By Topic
    • Digital Flipbooks
    • Upcoming Events
    ➤ Find Suppliers
    0 Shopping Cart
    MEET® Family of Publications
    Home»MEET Med Misc.»Medical Meeting News»Baird/STR Hotel Stock Index rose 5.2% in September
    Medical Meeting News

    Baird/STR Hotel Stock Index rose 5.2% in September

    The MEET® Family of PublicationsBy The MEET® Family of PublicationsOctober 14, 2021Updated:January 23, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    929d3492 7b91 c7d5 3718 75c7d8652f8d
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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-Labor Day period had been a source of consternation for the industry, but the early returns produced a pleasant surprise with group demand above 1 million for two consecutive weeks,” said Amanda Hite, STR president. “We did see a performance dip late in the month, but ups and downs are expected at this point in the recovery cycle. Overall, we estimate September demand at 93% of the 2019 comparable, and there were noticeable improvements in the major markets and corporate-dependent hotels. With leisure demand continuing to deliver, but business travel and groups progressing much slower, we do not expect recovery to kick into the next gear until next year.”

    In September, the Baird/STR Hotel Stock Index surpassed both the S&P 500 (-4.8%) and the MSCI US REIT Index (-6.0%).

    The Hotel Brand sub-index jumped 6.7% from August to 9,077, while the Hotel REIT sub-index increased 1.0% to 1,233.

    About STR
    STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

    MEET

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleJoin GBTA St. Louis at their Holiday Networking Party
    Next Article Ep. 2 | How the Future of Event Badging Impacts YOUR Group Business
    The MEET® Family of Publications
    • Website

    The MEET® Family of Publications produces regional and national publications that keep corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant industry suppliers, news, tech innovations, and resources that impact and influence how and where they plan their upcoming company function(s).

    Related Posts

    SAHARA Las Vegas Announces New Security Executives

    May 11, 2023

    U.S. Hotel TRevPAR the Highest on Record in March

    May 5, 2023

    Experience Legendary Medical Meetings in Springfield, IL

    April 26, 2023

    Comments are closed.

    For 20+ years, The MEETⓇ Family of Publications has produced regional and national magazines that has kept corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant vendors, industry news, tech innovations, and resources that impact and influence how and where they plan their group business.

    Latest Industry Insights
    • Twist and Shout! Two Fundraisers for Two Historic Sappington Houses
    • Survey: Most Americans More Likely to Stay in Hotels on Vacation This Summer vs. Last
    • How AI Tools Can Enhance the Hospitality Industry
    • 85 Percent of Exhibitors Experiencing Cost Issues in Q1 2023
    • Historic Saint Louis presents “Landscapes of Summertime Past”
    Quick Links
    • Home
    • Subscribe
    • Upcoming Events
    Our Magazines
    • MEET® Missouri
    • MEET® Kansas
    • MEET® Med
    More Resources
    • Articles By Topic
    • Digital Flipbooks
    • Online Resource Directory
    © 2023 MEET® Family of Publications. All rights reserved. Website managed and developed by PC40

    Type above and press Enter to search. Press Esc to cancel.