STR
@STR_Data
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Leading global data benchmarking and analytics provider. 90K hotels and 11.8M rooms across 190 countries. Unrivaled hospitality and tourism industry insights.
Nashville, TN
Joined August 2011
Whether itโs distribution, revenue management, operations, or sales prospecting, CoStar + Benchmark is making an impact on every aspect of the global hotel industry. Hear from users who are working more efficiently, uncovering new opportunities in the full commercial market, and
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Insights from the first week of November: ๐ณ๏ธ U.S. was up on an easy election week comp ๐ India highlighted another strong global growth week ๐ Plenty of standouts in Latin America, including Mexico ๐๏ธ U.S. government shutdown has had minimal impact on national demand Read
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A number of key global markets reached record-highs in October: ๐น #SingaporeGrandPrix drove the market's room rates to SGD757: https://t.co/jYFDnzWK0X ๐น Abu Dhabi's occupancy climbed to 95% during #ShowdownWeek: https://t.co/BywwnRQlmb ๐น The #AnugaFoodFair pushed Cologne
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Insights from the final week of October: ๐ Halloween pulled down the U.S. ๐ฅ Group increased against easy comps โ๏ธ CPHI in Frankfurt drove massive gain in Germany โพ Torontoโs World Series highlighted another + week for Canada โฌ๏ธ France up again on ADR Read the full
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๐ก Are you making the most of your propertyโs off-season? โคต๏ธ Nadia Panasyuk from First Hospitality shares how her team uses multiple Comp Set functionality to uncover new opportunities and grow accounts during low season. Interested in learning more? Schedule a demo today:
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For the past six months, Osaka has played host to the World Expo, an event that has historically generated substantial gains in hotel performance. Osaka and neighboring markets in Japan were no stranger to this pattern. Read the full analysis: https://t.co/TjEPu5UWSY
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Latest weekly insights: ๐ Steep decline in U.S. RevPAR compared with a strong week last year โฌ๏ธ 49% of U.S. properties down 5% or more ๐๏ธ D.C. down amid government shutdown and conference shift ๐ซ๐ท France turned in a stellar week, driven by ADR Read the full analysis here:
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Hotel bookings continue to climb for #OasisLiveโ25 dates in Australia and South America, with Sydney leading the way at over 75% of rooms booked. More here: https://t.co/hVrYWacV7t
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๐ก Strategic growth depends on more than instinct. It requires realistic and reliable data. Brandon Burtis, CRME, VP of Revenue Strategy at Pacifica Hotels, shares a quick example of how CoStar with Benchmark provides the clarity and confidence needed when evaluating new business
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Our latest insights are here: ๐ฝ U.S. RevPAR decreased again after brief uptick โ๏ธ Dreamforce props up San Francisco ADR ๐ 17th consecutive week of U.S. occupancy declines ๐ 2024 hurricane comps pull down southeast ๐ Global RevPAR returns to normal on widespread growth
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๐ Canadaโs hotel occupancy and RevPAR grew YoY for a fifth consecutive month. Read more: https://t.co/uCSagKEs43
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๐ง Europe was the only world region to show an increase in hotel construction (+5.2%) and overall pipeline activity (+3.7%) at the end of Q3: https://t.co/qPnMUaeZxL
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๐๏ธ More than 80,000 rooms below the peak from Q3 2020, U.S. hotel rooms in construction fell to the lowest point of the past 40 quarters. Read more: https://t.co/A9YGcOoTNh
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A big week for performance all over the world: โฌ๏ธ First U.S. RevPAR gain since late-August with healthy ADR growth and the positive side of the Yom Kippur shift ๐ College football and the start of fall break helped many markets ๐ Highest global RevPAR growth since Q1 ๐ Big
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Hotel bookings are on the rise across key Australian markets ahead of the upcoming #Ashes series, including a high of 86% in Adelaide. More here: https://t.co/H6JBQnQoYA
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Eventful September boosted hotel performance across several key global markets: ๐น Milan room rates climbed to EUR411 during the #ItalianGrandPrix: https://t.co/ZHJOeQ6JXs ๐น #LewisCapaldi pushed London daily occupancy to 94.8%: https://t.co/7RTVrtahMW ๐น Helped by the
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Our latest insights are here: ๐ U.S. RevPAR declined for fifth consecutive week, albeit the smallest drop of that stretch ๐ฐ Las Vegas lifted U.S. performance for a change, helped by the Pack EXPO ๐ 2024 hurricane comps impacted Southeastern performance ๐ฎ Mid-Autumn
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Quick Thailand hotel performance update: โ๏ธ Foreign visitors down 7.4% YTD through 21 September, mostly due to Chinese tourists choosing other destinations (source: Thailand Ministry of Tourism and Sports) โญ Unlike much of the rest of the world, Economy and Midscale class
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As expected, performance got worse with the Rosh Hashanah calendar shift. September is looking like a sixth straight down month for U.S. RevPAR. Full insights from 21-27 September data: ๐ฅ Top 25 Markets and Group hotels down the most โณ Long Island was a bright spot thanks
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๐ค The NFLโs announcement of Bad Bunnyโs Super Bowl halftime show comes off the tail end of the performerโs 31-show residency in Puerto Rico, which has been estimated to have brought as much as $200 million dollars into the local economy with a carryover boost for local hotels.
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