The level of global markets with YoY RevPAR growth held steady at 64%. German markets stood out thanks to the Euros, and Japan maintained strong rate growth. Read more in our latest global “bubble chart” update. https://bit.ly/4fo8MTq
STR
Hospitality
Hendersonville, Tennessee 68,000 followers
The global hospitality industry's leading provider of data-driven solutions.
About us
83,000 participating hotels. 10.8 million rooms across 190 countries. Unrivaled marketplace insights. STR is the leading provider of premium global data benchmarking, analytics and marketplace for the global hospitality industry. We provide data that is confidential, reliable, accurate and actionable, and our comprehensive reports empower our clients to strategize and compete within their markets. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets.
- Website
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https://str.com
External link for STR
- Industry
- Hospitality
- Company size
- 5,001-10,000 employees
- Headquarters
- Hendersonville, Tennessee
- Type
- Public Company
- Founded
- 1985
- Specialties
- Hotel Performance, Pipeline Data, Hotel Supply, Hotel Market Forecasting, Hotel Benchmarking, Profitability, Hotel Demand, Hotel Data, and Hotel Business Intelligence
Locations
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Primary
735 East Main Street
Hendersonville, Tennessee 37075, US
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Blue Fin Building
15 Scotts Road #08-12
London, London, Greater SE1 0TA, GB
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Thong Teck Building
15 Scotts Road #08-12
Singapore, 228218, SG
Employees at STR
Updates
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Gain a comprehensive understanding of revenue and expense trends affecting hotel operations worldwide with the 2024 Global Hotel Profitability Review. This concise report provides P&L data from over 7,900 hotels accounting for 1.8 million rooms, 126 countries and 538 global markets. Purchase now: https://bit.ly/3SqX7cy
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While Japan's international travel demand is soaring, other Asia Pacific markets like Australia are experiencing steady but modest hotel performance. On a recent HNN podcast, Sean McCracken speaks to Matthew Burke, STR's regional director for the Pacific, about the mixed growth and what has set Japan apart. Tune into the full episode here: https://bit.ly/4dfZNBW
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Two big wins: U.S. weekly RevPAR hit an all-time high as occupancy reached its highest point since the pandemic. Read the full weekly insights for the effects of the global tech outage and the latest ahead of the #ParisOlympics: https://bit.ly/3YfOkhq
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Macroeconomic overview, updated forecast and more coming up in two weeks at Hotel Data Conference (HDC)
We’re excited to share the lineup of general session speakers and topics for this year’s Hotel Data Conference. With only two weeks to go, get ready to dive into key data trends, future outlooks, and unique perspectives from industry leaders. Now is the perfect time to check out the full agenda and begin mapping out which panels and sessions you plan to attend: https://bit.ly/4cUf4bz
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Our transformative solution is a “game-changer” for hoteliers. Learn more about CoStar + Benchmark here: https://bit.ly/45CtV7Y
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Room rates continue to be the main driver of RevPAR improvement in Canada, increasing 3.7% YoY in June and exceeding the 2.7% inflation rate. Read more: https://bit.ly/3Whkkiw
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In this day and age of advanced technology and AI, people still remain the heart of hospitality. In his HNN article, Sean McCracken shares the outlook of a number of industry leaders on the importance of investing in employees to enhance guest experiences. More here: https://bit.ly/3xXY7hg
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