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.
(N) Is the STAR Report going away?
No. The STAR Report and Competitive Sets remain a staple of our offering. We have just moved that functionality into the more secure and interactive setting that is the CoStar product. STAR Reports are available for download within the Benchmark feature of CoStar. ...
(M) Is anything changing with data access or performance confidentiality?
Your proprietary performance data is still protected by our industry-leading confidentiality guidelines. As initiated with the initial launch of Benchmark last year, access to our data is no longer defined by distribution lists. Access is now managed through licenses...
(O) What does this mean for non-data providers (destinations, investors, developers, etc.)?
We are currently serving non-Benchmark clients through a combination of STR legacy reports and the CoStar product. CoStar will be the single solution of the future for this client type with more hospitality functionality being developed in the product. This will prov...
(I) Will clients in the CoStar product also receive access to Benchmark?
Benchmark is a feature only available to hotel data providers that subscribe with STR. If you are a hotel owner, operator or brand representative currently using CoStar, we are excited to introduce you to our powerful Benchmark feature.
CoStar Group upgrades product access for STR’s hotel data subscribers
CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets announced today that it will grant STR’s hotel data subscribers with access to the full CoStar product.