• US hotel shares up 6.3%

The Baird/STR Hotel Stock Index in the US rose by 6.3% on the month in October, a 34.8% increase for the year-to-date 2010.

"The strong showing of the Baird/STR Hotel Stock Index in October is an encouraging sign that investors are warming up to the hotel sector," said Randy Smith, CEO at STR. "The interest is being fuelled by the ongoing strength of revpar and the increasing stability of average daily rates. With the end of the year in sight, it looks like there is going to be plenty of momentum to start a new year."

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