Oasis tour driving hotel bookings across European markets

WASHINGTON – 18 November 2024 – Eight months before the start of Oasis’ sold-out tour, host markets in Europe are already seeing a significant impact on occupancy on the books, according to Forward STAR data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. 

Over the course of July, August, and September 2025, Oasis is set to perform 19 times across five markets in the United Kingdom and Ireland: Cardiff, Manchester, London, Edinburgh, and Dublin. 

As of 4 November, Cardiff showed the highest level in occupancy on the books, peaking at 73.6% on Friday, 4 July, which is the highest 2025 booking level in the market thus far. The following night (5 July) follows closely behind at 63.5%. When compared to the same time last year, booking levels were at 27.7% and 14.2%, respectively. 

The third highest booking level is in Manchester, at 61.2% on Saturday, 19 July – the fourth of five performances planned to take place in the city. Last year, the market’s booking level was only at 9.3% for the comparable day.

“The business on the books that we see for the much-anticipated Oasis reunion concert dates next year is fantastic”, said Thomas Emanuel, senior director at STR. “Throughout 2024, we have seen the impact major concerts can have on hotel performance. Much has been said about Taylor Swift’s Eras tour, and the occupancy and room rates seen on the nights of her shows were highly impressive.” 

“Oasis will no doubt see the same trend in 2025 – the demand for tickets has been unprecedented and that is filtering through to hotel bookings,” Emanuel said. “When looking at the data, it is worth noting that the smallest hotel market, Cardiff, currently has the largest impact, whilst the largest, London, naturally has the smallest.”

The highest occupancy on the books in Edinburgh and Dublin is on Friday, 8 August (55.7%) and Saturday, 16 August (47.4%), respectively. That represents increases from the same time last year of 23.7 ppts in Edinburgh and 27.2 ppts in Dublin.

The lowest booking levels are seen in London, at 6.3% (Sunday, 28 September). Of the five markets, London has posted the lowest booking levels for all the concerts thus far, with the highest occupancy on the books currently falling on Saturday, 26 July, at 16.2% (+7.5 ppts year over year). 

Outside Europe, the band is set to continue their tour in Canada, the U.S., and South America, starting with Toronto, which is already showing booking levels at 20.4% (+13.2 ppts year over year) on Sunday, 24 August.

For more information about the company and its products and services, please visit www.costargroup.com. 

Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

News Media Contact
Haley Luther
Senior Communications Manager – STR 
(216) 278-0627
hluther@str.com 

ABOUT COSTAR GROUP, INC. 
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com. 

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that future media events will not sustain an increase in future occupancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2023 and Forms 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2023, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.