Hospitality stocks suffer worst month since June

Stock prices for some of the largest hotel brands and real estate investment trusts continue to dive, with the Baird/STR Hotel Stock Index, which makes up the 20 largest names, suffering its worst decline since June. Despite the September selloff, “underlying hotel fundamentals held steady throughout the month, which relatively helped the hotel stocks during a volatile time for the capital markets,” Baird’s Michael Bellisario says.