Set on a global stage, Formula 1 spans across multiple continents, with 12 of the 24 races so far this year having taken place on F1’s biggest calendar ever. How did host hotel markets perform and what do bookings look like for upcoming race weekends? Find out here: https://bit.ly/4bIdVTb #Formula1 #F1
STR
Hospitality
Hendersonville, Tennessee 67,727 followers
The global hospitality industry's leading provider of data-driven solutions.
About us
82,000 participating hotels. 10.7 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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U.S. hotels can expect big changes following the Supreme Court's recent ruling which signals a shift in how federal regulations are interpreted. In this HNN podcast episode, Bryan Wroten speaks to Randy Coffey, partner at Fisher Phillips, about what this means for the hotel industry. More here: https://bit.ly/4cCSswm
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As expected, U.S. hotel performance dipped due to the Fourth of July, particularly affecting group demand after a previously strong week. Although global occupancy fell with major markets recording declines, global ADR grew YoY for the 23rd consecutive week. More insights here: https://bit.ly/460GjyG
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Barcelona hotel occupancy topped 95% on not one, but two occasions last month - the annual Spanish Grand Prix and the Rammstein concert. More here: https://bit.ly/3XXvR97
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Vivid Drone Show and Sydney Film Festival helped Sydney to post the highest ADR and RevPAR levels for any June on record. More here: https://bit.ly/3WgxH3K
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Pushed by the #UEFAEuropeanFootballChampionship, Cologne hotels posted record-high monthly room rates in June. Read more: https://bit.ly/4dd7J75
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If you missed it, this month's hospitality data spotlight is on compression nights and the ADR growth cycle. Read the in-depth look in our latest edition of "Suite Success" now.
The newest edition of “Suite Success” examines how compression nights are driving rates in select markets across Europe and Asia Pacific. Access the latest issue of the newsletter now.
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California said goodbye to hidden fees, following the state's new legislation demanding that hotels reveal all costs upfront. In this HNN article, Trevor Simpson explains what this means for travelers and hoteliers. Read more: https://bit.ly/3W8SQMb
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In less than two weeks, the Republican National Convention kicks off in Milwaukee. A month later, it is Chicago's turn with the Democratic National Convention. See how these "political Super Bowls” have impacted host market hotel performance in previous years: https://bit.ly/4aHw1UX
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With the help of three Taylor Swift concerts, Dublin Pride and the All-Ireland GAA quarter finals during the final weekend of June, Dublin hotel room rates eclipsed EUR300 for just the second time this year and the sixth time in history. More here: https://bit.ly/4bus6eB