Baird/STR Hotel Stock Index Dropped 3.4 Percent in March
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index dropped 3.4 percent in March to a level of 5,355. “Hotel stocks declined in March as investors digested the potential impacts from the recent banking turmoil, including the likely intermediate-term effects on economic growth,” said Michael Bellisario, senior hotel research analyst and director at Baird. “The global hotel brands declined slightly during the month and underperformed the S&P 500 on heightened macroeconomic concerns and the likely constraints […]
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