Baird/STR Hotel Stock Index Increases 1.4 Percent in April 2023
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index increased 1.4 percent in April to a level of 5,430. “Hotel stocks increased in April, and the gains were driven by outperformance from the global hotel brands,” said Michael Bellisario, senior hotel research analyst and director at Baird. “RevPAR trends have remained solid in the face of growing macroeconomic uncertainties and continued banking turmoil and first-quarter earnings generally have surprised to the upside with positive full-year estimate […]
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