The Baird/STR Hotel Stock Index closed 19.6% higher in 2016, reaching 3,702 on the back of a strong post-election performance in November and December, as well as an overall rising stock market and expectations of strong economic growth in 2017, reported the World Property Journal.
Meanwhile, Revenue Per Available Room (RevPAR) grew slightly over 3% in 2016, explained STR’s president and CEO Amanda Hite.