Global Travel Media » Blog Archive Baird/STR Hotel Stock Index dipped 3.4% in August | Global Travel Media

Home » Hotel Trends » Currently Reading:

[sam id="86" codes="true"]

Baird/STR Hotel Stock Index dipped 3.4% in August

September 15, 2021 Hotel Trends No Comments

The Baird/STR Hotel Stock Index dipped 3.4% in August to a level of 4,911. Year to date through the first eight months of 2021, the stock index was up 7.4%. 

“Hotel stocks continued their streak of relative underperformance in August as investors remained focused on the impact of the Delta variant and the likely changes to post-Labor Day business travel trends,” said Michael Bellisario, senior hotel research analyst and director at Baird. “The near-term trajectory of the recovery has flattened; however, investors appear to have priced in near-term downside scenarios, in our opinion, and they continue to look to 2022 and 2023 when the broader travel environment should be more normal versus today.”

“August performance, still shaped by continued strong demand from the American leisure traveler, came in lower than the July peak but still at a healthy level overall,” said Amanda Hite, STR’s president. “With the summer of travel behind us, all eyes are now on the fall season, which traditionally has been buoyed by corporate group demand. Unfortunately, the Delta variant has already caused major meetings cancellations, and it seems that the industry will have to wait a bit longer for that segment to return at a significant level. Whereas last year leisure travelers continued to generate room demand well into the fall, we expect softer demand this year with schools back in-person.”

In August, the Baird/STR Hotel Stock Index fell behind both the S&P 500 (+2.9%) and the MSCI US REIT Index (+1.8%).

The Hotel Brand sub-index fell 5.4% from July to 8,506, while the Hotel REIT sub-index increased 2.5% to 1,221.

Comment on this Article:







Subscribe To Receive Our Daily Global Travel Media Newsletter

The FIRST Australian-based news alert is to be delivered every Morning to your Inbox before you arrive at your desk.

Sponsor / Partners

Luxury Traveller by Robert La Bua – SideBar  Position -1

ADVERTISEMENTS

ADVERTISEMENTS

ADVERTISEMENTS

ADVERTISEMENTS

ADVERTISEMENTS

CT Partner Sidebar

GLOBAL TRAVEL MEDIA VIDEOS


sidebar_middle –>

Visit TravelManagers

ADVERTISEMENTS

TravelManagers Tower 2 300x600px

Advertisments

Huawei Gentel Monster banners Leader
Global Travel Media
%d bloggers like this:
Global Travel Media
%d bloggers like this:
sitemap