Hotel stocks rose again in June and appear quite healthy through the first half of the year.
The Baird Hotel Stock Index — which comprises 20 of the largest hotel brand companies and real estate investment trusts publicly traded on a U.S. stock exchange by market capitalization — rose 3% in June and is up 21.1% year to date.
The S&P 500 — an indicator of the health of the broader economy — dipped 1.1% during the month. Year to date, the S&P 500 is up 9.6%.
“Hotel stocks posted gains for the third consecutive month, and the hotel REITs were the notable outperformer once again,” said Michael Bellisario, senior research analyst and managing director at Baird. “Industry-wide RevPAR growth remained strong throughout June, especially within the higher-end chain scales, and growth was above analysts’ and investors’ expectations, which drove the continued relative outperformance for the sector. The global hotel brands gained more than 1% in June and outperformed the S&P 500, and the hotel REITs gained more than 11%, which capped off a three-month increase of over 35% for the sub-sector since hotel stocks and the broader market bottomed in late March.”
The RMZ, or MSCI U.S. REIT Index — which is a gauge of the overall real estate investment market — rose 2.4% in June.
The hotel brand sub-index increased by 1.6% in June, while the hotel REIT sub-index rose 11.3% during the month.
Month over month, Pebblebrook Hotel Trust's stock was up 27.3%, along with four other hotel REITs rounding out the top five. Braemar Hotels & Resorts (-12.2%) and Marriott International (-1.3%) were the two public hotel companies with their stock values down from the previous month.
Year over year, Pebblebrook's stock led the way, up 94.3% from June 2025, with Chatham Lodging Trust (+89.8%) right behind. At the other end, Ashford Hospitality Trust's stock notched the biggest year-over-year decline, down 46.2%.
For more information about the Hotel Stock Index, email hotelstockindex@rwbaird.com. The Baird Hotel Stock Index and sub-indices are available exclusively on CoStar News Hotels. The indices were created by Robert W. Baird & Co. (Baird). The market-cap-weighted, price-only indices comprise 20 of the largest market-capitalization hotel companies publicly traded on a U.S. exchange and attempt to characterize the performance of hotel stocks. The Index and sub-indices are maintained by Baird and hosted on Hotel News Now, are not actively managed, and no direct investment can be made in them. As of 30 June 2021, the companies that comprised the Baird Hotel Stock Index included: Apple Hospitality REIT, Ashford Hospitality Trust, Chatham Lodging Trust, Choice Hotels International, DiamondRock Hospitality Company, Hersha Hospitality Trust, Hilton Inc., Host Hotels & Resorts, Hyatt Hotels, InterContinental Hotels Group, Marriott International, Park Hotels & Resorts, Inc., Pebblebrook Hotel Trust, RLJ Lodging Trust, Ryman Hospitality Properties, Service Properties Trust, Summit Hotel Properties, Sunstone Hotel Investors, Wyndham Hotels & Resorts, and Xenia Hotels & Resorts.