Baird/STR Hotel Stock Index declined 2.6% in May ...Middle East

The Baird/STR Hotel Stock Index declined 2.6% in May to a level of 5,287. Hotel stocks were mixed in May – the Hotel REITs increased slightly and outperformed the real estate benchmark by 400 bps, while the Global Hotel Brands declined and underperformed the S&P 500’s marginal gain by 380 bps.

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