Hotel stock prices increased in April, but they were relative underperformers on a monthly basis for the third time this year.
The Baird/STR Hotel Stock Index jumped 22.4% in February to a level of 5,141. Year to date through the first two months of 2021, the stock index was up 12.4%.
Hotel stocks pulled back in January and significantly underperformed the broader indices.
Hotel stocks outperformed modestly in October despite heightened stock market volatility during the month.