U.S. hotel results for week ending 1 June
Due to Memorial Day, the U.S. hotel industry reported lower performance results from the previous week but slightly positive comparisons year over year, according to CoStar’s latest data through 1 June.
Tokyo room rates reached a new peak in May
Tokyo’s hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR) in May, according to preliminary data from CoStar.
May events pushed Berlin hotel performance
Helped by a number of events, Berlin hotels saw improved performance in May, according to preliminary data from CoStar.
Madonna concert drove Rio de Janeiro’s hotel performance in May
Madonna’s final concert of her Celebration Tour pushed Rio de Janeiro’s hotel performance in May, according to preliminary data from CoStar.
U.S. hotel results for week ending 8 June
The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through 8 June.
(A) Is STR Benchmarking still a separate product?
No. CoStar is our product. Benchmark is a premium feature of that product available only to hotel data providers that subscribe with STR.
(B) How will the expanded product affect contracts and pricing?
If you currently hold licenses for both Benchmarking and CoStar product, your pricing structure already encompasses the comprehensive value of our complete product offering. When it comes time for renewal, we'll discuss the best approach to your contracts. No immedia...
(J) What’s included with the full CoStar product that Benchmark clients will now be able to access?
Benchmark clients will now be able to analyze, interpret and gain unmatched insight on the entire commercial property market. In addition to the industry-specific data sets you have come to expect from us (Comp Sets, top-line historical metrics, P&L, forw...
(D) Is training available for the new parts of the CoStar product that I can now access?
A comprehensive calendar of training webinars is available to guide you through the features of CoStar product. We strongly advise beginning with "Unlocking CoStar: A Guide for Benchmark Users." Subsequently, you should explore more focused sessions like the "Tenant ...
(G) What if I am in a country where the full CoStar product is not yet available?
You will continue to be priced solely on the value of the Benchmark feature.
(H) I am a Benchmarking client. Does this update mean I will be working with different people?
No. The same leadership, sales teams, account managers and client support specialists you know from STR remain dedicated to your product experience.
IHIF Preview: U.K., Poland and Ireland lead Europe hotel occupancy recovery
The U.K., Poland and Ireland are the three European countries to achieve occupancy indexes that are 80% or better of pre-pandemic levels, according to the latest preliminary data from STR that will be presented at the International Hospitality Investment Forum (IHIF)...