Adele’s residency drove substantial gains in Munich hotel performance
Adele’s residency drove substantial gains in Munich hotel performanceWASHINGTON – 18 September 2024 – Adele’s 10-day residency drove significant performance growth for Munich’s hotel industry, according to August 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Summer Olympics drove Paris room rates to all-time highs
Summer Olympics drove Paris room rates to all-time highsWASHINGTON – 21 August 2024 – The Summer Olympic Games drove Paris hotel average daily rate (ADR) to an all-time high, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
CoStar Group upgrades product access for STR’s hotel data subscribers
CoStar Group upgrades product access for STR’s hotel data subscribersWASHINGTON – 18 June 2024 – 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.
Ramadan and Eid al-Fitr a success for Dubai hotels
Ramadan and Eid al-Fitr a success for Dubai hotelsWASHINGTON – 29 April 2024 – Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Paris hotels already 50% booked for Summer Olympics
Paris hotels already 50% booked for Summer OlympicsWASHINGTON – 6 February 2024 – Paris’ hotel occupancy on the books is already topping 50% for the 2024 Summer Olympics, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Las Vegas forecasted for highest hotel ADR in Super Bowl history
Las Vegas forecasted for highest hotel ADR in Super Bowl historyHENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for 9-11 February 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.
CoStar Group’s SHARE Center crowns winners of five Student Market Study Competitions
CoStar Group’s SHARE Center crowns winners of five Student Market Study CompetitionsWASHINGTON – 15 December 2023 – In its continued support of hospitality, tourism and real estate education around the world, CoStar Group’s SHARE Center held five student market competitions in October and November 2023.
Australia hotel performance normalizing with improvement in business travel
Australia hotel performance normalizing with improvement in business travelSYDNEY – 30 August 2023 – Australia’s recent hotel performance represents normalization as leisure demand has peaked and given way to strengthening in corporate business, according to CoStar and STR analysis that will be presented this week at NoVacancy Hotel + Accommodation Industry Expo.
CoStar Group Launches the Next Generation of STR
CoStar Group Launches the Next Generation of STRWASHINGTON -- CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational market share product for the global hotel industry.
Tokyo’s hotel room rates pacing ahead of pre-pandemic levels
Tokyo’s hotel room rates pacing ahead of pre-pandemic levelsTOKYO—The reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate (ADR) beyond pre-pandemic comparables for two straight months, according to STR.
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