China hotels benefit from first restriction-free Lunar New Year in three years, more success on the way for APAC
China announced the easing of most of its COVID restrictions in December 2022, which meant that January 2023 would feature the country's first Lunar New Year holiday without a lockdown since 2019.
(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...
What different booking statuses should be included in our Forward STAR data?
There are a multitude of terminologies which are often used within the industry, such as definite, confirmed, tentative, optional, prospective, etc. These terminologies are often used and interpreted in different ways. Ultimately, it will depend on both your system c...
What is benchmarking?
Benchmarking is the process of comparing and analyzing your property or portfolio's performance against the competition. The benchmarking process draws on our robust historical data to provide you with a better understanding of the market and context in which you ope...
STR: Berlin hotels post best performance since late 2019
Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR.
Benchmarking
Benchmarking is the process of comparing and analyzing your property or portfolio's performance against the competition. The benchmarking process draws on our robust historical data to provide you with a better understanding of the market and context in which you ope...
(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.
(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.
How can my hotel participate with STR?
If you are affiliated with a chain, please contact your corporate office, because many major chains, management and ownership companies have made provisions for their hotels to participate. If your chain does not participate or you are an independent hotel, pl...
Bed & Breakfast (B&B/inn)
Independently owned and operated properties that typically include breakfast in the room rates, 20 rooms or fewer and a resident/owner innkeeper.
Food & Beverage (F&B) revenue
Revenue derived from the sale of food, beverage and non-consumable goods and services sold by a property’s food and beverage department. Refer to Data Reporting Guidelines for more specific application (HOST & P&L).
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...