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CoStar Group Launches the Next Generation of STR

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational market share product for the global hotel industry.

U.S. hotel TRevPAR highest on record in March

U.S. hotel total revenue per available room (TRevPAR) was the highest for any month on record, according to STR‘s March 2023 P&L data release.

STR: U.S. hotel results for week ending 22 April

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 22 April.

STR: Coronation, Eurovision driving hotel bookings in key U.K. markets

Multiple events in the U.K., including the King’s coronation and Eurovision, are driving hotel occupancy on the books in both London and Liverpool, according to STR’s Forward STAR data.

STR: Canada hotel occupancy reached five-month high in March

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data.

Hotel construction down across world regions

Each of the four world regions showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.

STR: U.S. hotel results for week ending 15 April

U.S. hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR‘s latest data through 15 April.

STR: U.S. hotel performance for March 2023

The U.S. hotel industry reported higher performance from the month prior, according to March 2023 data from STR.

STR: Eid al-Fitr boosts hotel bookings in key Middle East markets

Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data.

STR: U.S. hotel pipeline shows confidence in business travel

Upper upscale hotels, the property types most associated with business travel, are well represented in the U.S. development pipeline. The volume of projects in the segment points to confidence in the future of business travel, according to STR.

STR: U.S. hotel results for week ending 8 April

Affected by both the Easter and Passover calendar shift, U.S. hotel performance reflected lower year-over-year comparisons from the previous week, according to STR‘s latest data through 8 April.

STR: Bogotá hotel industry reported highest RevPAR on record in March

Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary March 2023 data from STR.