Type of Submission
Invited Article
Abstract
This study investigated whether or not there were abnormal stock market returns on the announcement date of weekly RevPAR (revenue per available room) data by the lodging industry research firm STR. Using event study methodology, the study found that there were not statistically significant abnormal returns on the weekly RevPAR announcement date for the period from 2004 to 2009. The implications of this study are important to the hotel investment community including lodging stock owners and investors, stock analysts, investment bankers, and consultants as it indicates that there is not advance trading in lodging stocks based on the STR weekly RevPAR announcements.
Recommended Citation
Bloom, Barry A.N. and Zheng, Tianshu
(2013)
"Examining the Impact of STR Weekly RevPAR Announcements on Lodging Stock Returns,"
Journal of Hospitality Financial Management: Vol. 21:
Iss.
1, Article 6.
Available at:
https://scholarworks.umass.edu/jhfm/vol21/iss1/6