Baird/STR Hotel Stock Index Falls 5.3% in June

Baird | July 8, 2020

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 5.3% in June to a level of 3,060. Year to date through the first six months of 2020, the stock index was down 41.9%. "Hotel stocks were volatile in June as the broader reopening trade continued into the early part of the month; the Hotel Brand and Hotel REIT Sub-Indices were up more than 19% and nearly 37%, respectively, through six trading days,”said Michael Bellisario, senior hotel research analyst and director at Baird. “However, the momentum reversed course, and hotel stocks finished the month approximately 5% lower as rising coronavirus case counts in ...