Business Insider/J.D. Durkin A new study by the investment research firm KKR & Co. has estimated that Miami Beach hotel stocks are up by more than 20% since January.
That makes Miami a hot spot for stock investors who want to get the latest on hotels, even as stock prices continue to fall.
Here are the top stocks that have jumped the most this year:Hotelier Shares are up $3.2 billion since January of this yearHotel shares have gained an average of 7.7% over the past year, according to KKR, with the most recent gains coming in January of 2018.
The average hotel stock rose 7.1% year-to-date, which is up from the 7.0% gain over the previous year.
While the jump in hotel stock is the biggest among the major American cities, it’s not a new trend for Miami.
The city’s stock market has been climbing steadily since it entered the Great Recession in 2008.
Hotel stock rose 6.2% over that same period.
KKR & CO. has not released a list of the cities where hotel stock has been the biggest jump over the last year.
But the average stock jumped 13.3% in the first three months of this month alone.
In addition to the Miami area, the stock gains have come from a variety of stocks, including real estate companies, hotels and other businesses, according the KKR report.
Hotel stocks are among the largest investors in the US economy, accounting for over half of the economy’s wealth.
Investors in hotels and resorts are bullish on the economy and are looking for returns that will exceed 20%.
But they are worried about rising debt, especially with the country’s long-term debt-to GDP ratio at an all-time high.
Hotels and resorts have been struggling to generate returns due to rising debt levels, but there are signs they could see some improvement in 2018.
For example, the average hotel in the Miami metropolitan area was up $8.8 million over the first quarter, according data from the Bureau of Economic Analysis.
That is an increase of more than 40% from the $5.5 million increase the same quarter last year, and nearly double the 5.1 percent increase the previous quarter.