US hotel stocks were down 6.7% for the month in August, according to the Baird/STR Hotel Stock Index.
The index was up 14.0% for the year to date. Randy Smith, STR’s CEO, said: "The Index reflected the growing concern about the direction of the economy and the travel industry. So while industry fundamentals continue to gradually improve, investors are clearly anxious about the strength and duration of the rebound."
See the full release here: http://www.strglobal.com/