The Hotel Stock Index ended 2019 up 29.5%.
The Baird/STR Hotel Stock Index increased 1.6% in September to 4,634. Year to date through the first nine months of 2019, the index was up 13.9%.
An old GM of mine was fond of this statement. He usually came at it from the other end of this by saying, 'Any monkey could fill this place when the phones are ringing.' And I think he is right. What do you do to preserve profit when the revenue tap slows down? Thats a tall order.
The Baird/STR Hotel Stock Index's January performance lagged behind the S&P 500 and MSCI US REIT Index.