Source: CoStar Group
By Robert McCune
March 5, 2021
A surge in optimism among investors drove stock values for major hotel companies in February to the highest levels since the onset of the COVID-19 pandemic, according to the Baird-STR Hotel Stock Index.
The aggregated value of index — comprising 20 of the largest hotel companies publicly traded on a U.S. stock exchange by market-capitalization — grew by 22.4% in February, following an 8.2% month-over-month decline in January. By comparison, the S&P 500 index was up only 2.6% in February.
Year-to-date in 2021, the index is up 12.4%, nearly regaining the losses of 2020, when for the full-year the index declined 13.2% from 2019 values.