Hotel consultant STR is reporting this week that their Baird/STR Hotel Stock Index decreased 3.5% in April 2016, to close the month at 3,183. Year to date, the index is up 2.9%. "While overall industry performance remains somewhat erratic, it is doing so at record levels," said Randy Smith, STR's chairman and co-founder. "For the month of April, on a seasonally adjusted basis, occupancy was the second-highest we have ever documented and both room rates and RevPAR hit record levels.

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