The Baird/STR Hotel Stock Index fell 4.0% in June to a level of 4,863. Year to date through the first half of 2018, the stock index was down 0.5%.
The Baird/STR Hotel Stock Index closed April at 4,864, which was a 1.6% increase from the previous month. Year to date through April, the stock index was down 0.5%.
Hotel-chain operator Huazhu Group Ltd. is less well-known than the likes of Marriott International Inc. and Hilton Worldwide Holdings Inc. among global travelers, but thats not stopping the U.S.-listed Chinese company from becoming a darling of overseas investors.
Total Revenues were $686.1 million, which is a 20.1% increase over the same quarter in 2017, due mainly to an 11.1% increase in the number of Installed Room Nights at the Chain level, in combination with growth of 7.0% in the RevPar.