Baird/STR Hotel Stock Index Up 2.9 Percent in August
The Baird/STR Hotel Stock Index reported a 2.9 percent increase in August to 2,397 and is up 18.4 percent year-to-date in 2012. The index ended 2011 at 2,025.
“The hotel industry recorded favorable performance during August,” said Randy Smith, co-founder and chairman of STR. “With the third quarter coming to a close, investors are starting to look toward 2013. STR is expecting 2012 to finish the year with reasonable increases, though 2013 may be a softer year for the hotel industry.”