A number of key global markets reached record-highs in October: 🔹 #SingaporeGrandPrix drove the market's room rates to SGD757: https://bit.ly/4nWhqM3 🔹 Abu Dhabi's occupancy climbed to 95% during #ShowdownWeek: https://bit.ly/3JsLVes 🔹 The #AnugaFoodFair pushed Cologne room rates to an all-time high: https://bit.ly/49kCZSV
STR
Hospitality
Nashville, Tennessee 74,573 followers
The global hospitality industry's leading provider of data-driven solutions.
About us
90,000 participating hotels. 11.8 million rooms across 190 countries. STR, the global leader in hospitality data benchmarking, analytics and marketplace insights, is part of CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. Through CoStar, and its Benchmark solution, hotel owners and operators are provided a comprehensive view of the entire property lifecycle, from acquisition to operations to divestment. For more information, please visit str.com and costar.com.
- Website
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https://str.com
External link for STR
- Industry
- Hospitality
- Company size
- 5,001-10,000 employees
- Headquarters
- Nashville, Tennessee
- Type
- Public Company
- Founded
- 1985
- Specialties
- Hotel Performance, Pipeline Data, Hotel Supply, Hotel Market Forecasting, Hotel Benchmarking, Hotel Demand, Hotel Data, Hotel Business Intelligence, SaaS Solution, and Hotel profitability
Locations
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Primary
Get directions
500 11th Ave N
Nashville, Tennessee 37203, US
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Get directions
Blue Fin Building
15 Scotts Road #08-12
London, London, Greater SE1 0TA, GB
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Get directions
Thong Teck Building
15 Scotts Road #08-12
Singapore, 228218, SG
Employees at STR
Updates
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Our final U.S. hotel forecast revision of 2025 just dropped: https://bit.ly/43ZhX8F
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The global hotel industry is currently defined by a bifurcation between high end and limited-service hotels, with Luxury outperforming all other classes. A similar bifurcation is at play within the Luxury segment, where the 10 hotels with the highest ADR in each market are recording room rates that are often more than double the Luxury class ADR. Jan Freitag digs into the Ultra Luxury subset in his analysis featured in the The Wall Street Journal and CoStar below ⤵️
CoStar hospitality data was recently featured in The Wall Street Journal, highlighting how affluent travelers are shaping luxury and ultra-luxury hotel performance. 📈 Luxury ADR in the U.S. hit a record high of $394 this year 🏨 Luxury bookings are up 2.5% year-to-date through September 🗽 Ultraluxury hotels in NYC cost ~$1,560 a night compared to ~$472 at the luxury-room rate Read more about the insights that CoStar Group’s National Director of Hospitality Analytics, Jan Freitag, shared with The Wall Street Journal here: https://on.wsj.com/4p4goOY
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The new “no tax on tips and overtime” law may sound simple for workers, but not everything counts, and not everyone qualifies. On the CoStar News Hotels Podcast with Bryan Wroten, Fisher Phillips' Lorie Maring outlined a deduction with limits, thresholds, and plenty of fine print, rather than a full exemption. Tune into the full episode here: https://bit.ly/4oXXedv
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Insights from the final week of October: 🎃 Halloween pulled down the U.S. 👥 Group increased against easy comps ⚕️ CPHI in Frankfurt drove massive gain in Germany ⚾ Toronto’s World Series highlighted another + week for Canada ⬆️ France up again on ADR Read the full analysis: https://bit.ly/4nKKwOr
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🎧 Looking for something to listen to on your commute home? Amanda Hite joined Sloan Dean, host of the NOT DONE Podcast, to discuss the latest hospitality trends, STR's evolution, and what AI means for 40 years of hotel data. Listen on Spotify or Apple Podcasts ⬇️
⚡ NEW EPISODE ⚡ Today I sit down with Amanda Hite, President of STR (CoStar Group) to discuss the state of the hospitality industry, how STR plans to apply 40 years of historic hospitality data to AI and leading as an introvert. Tune in today and comment what you think of the episode! #NotDonePodcast #CoStarGroup #STR #AmandaHite
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Jesper Palmqvist joined Hospitality Investor to unpack the complex performance trends across the Asia Pacific hospitality sector. Watch the full video interview below ⤵️ https://bit.ly/47qnTK5 Or read more here: https://bit.ly/47X9s0d
Asia-Pacific Hospitality Outlook: Diverse Growth, Shifting Demand
https://www.youtube.com/
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💡 Are you making the most of your property’s off-season? ⤵️ Nadia Panasyuk from First Hospitality shares how her team uses multiple Comp Set functionality to uncover new opportunities and grow accounts during low season. Interested in learning more? Schedule a demo today: https://bit.ly/4cVOluu
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Oasis tour impact, Canada's growing performance, Bad Bunny's Puerto Rico residency and more were among October's top 4️⃣ articles: 🎤 Hotel bookings in Sydney, Melbourne and Buenos Aires topping 70% for #Oasis concerts: https://bit.ly/3X7obiR 🍁 Canada hotel performance increased again in September: https://bit.ly/3LHGrwN 🇵🇷 #BadBunny residency impact on Puerto Rico’s hotels: https://bit.ly/43SQDJ8 🏎️ #Formula1 drove Milan room rates to record-highs: https://bit.ly/4q90nsd
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For the past six months, Osaka has played host to the World Expo, an event that has historically generated substantial gains in hotel performance. Osaka and neighboring markets in Japan were no stranger to this pattern. Read the full analysis: https://bit.ly/3LFAm3Y
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