Oasis tour driving hotel bookings across European markets
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.
(F) What are the different license types for the product and who should receive them?
Superuser – This license is provided to company administrators who will manage functionality. These users are able to grant themselves a Benchmarking license for full access to product. Benchmarking – This license provides full access to product, including all...
How do I report Rooms Revenue figures?
Included in Rooms Revenue figures: ‘no-shows’, surcharges and service charges (property acting as principal), partial day and ‘day use’ revenue, pet or smoking rooms, early/late departure fees, rollaway bed/crib rental Excluded from Rooms Revenue figures: Resort fee...
(L) Will anything change with Competitive Sets?
Yes, management of Comp Sets looks different and includes dynamic, self-service functionality that eliminates the need to work through STR’s Client Services team. You control access via permissions for which users can edit and create Comp Sets. Updated search functio...
(E) How long will STR legacy reports continue?
Until you have been upgraded to CoStar, there is no timeline for a change with the reports you receive. Once you are in the new product, there will be a 30-day overlap period when STAR, Bandwidth, RPM, etc. are still delivered as legacy reports. Corporate Reports, Da...
(K) Why is STR moving clients to one product?
Our product offering was developed and expanded to meet the evolving needs of our industry. We have made a substantial investment in a transformative Benchmark feature, which unlocks tremendous potential for our clients and positions us to scale product through new f...
3-Month Average
The value of any given month is computed by averaging the value of that month and the 2 preceding months.
Best Available Rate (BAR)
BAR rate stands for Best Available Rate and refers to the lowest rate offered by a hotel for a particular room type on a given day. This rate is typically available to any guest who books directly with the hotel, either online or over the phone. The BAR may fluctuate...
All-Inclusive Hotel
In all-inclusive hotels, guests pay one upfront fee that covers their accommodations, food, drinks, and various activities and entertainment. These hotels are designed to offer guests a worry-free vacation experience with all needs included as a package for one price...
Property (hotel)
STR defines a property (hotel) based on three exclusionary criteria:Typically 10 or more roomsOpen to the public (excludes properties requiring membership, affiliation or club status)Generates nightly revenueNote: A property with fewer than 10 rooms may partici...
Bleisure
"Bleisure" is a popular term used in reference to combination business and leisure trips. When work from home grew in practice because of the pandemic, "bleisure" became more popular among business travelers looking to make the most of their time on the road. Bleisur...
STR, TE lower U.S. hotel growth forecast in final revision of 2024
STR and Tourism Economics downgraded the growth rate in the final U.S. hotel forecast revision of 2024.