STR

Boost your career with our upcoming instructor-led Certification in Hotel Industry Analytics (CHIA) workshop. In just five sessions, from the comfort of your home or office, you can join 40,000+ professionals who’ve earned this prestigious certification. Register today: https://bit.ly/4fHQvAr

Sentiment on the second day of the #LodgingConference reflected determination and excitement as hoteliers are ready to move past uncertainties of the final quarter of the year and kick off 2025 with more clarity. Tune into the 107th episode of the Hotel News Now podcast with Trevor Simpson and Bryan Wroten for a recap of the day. More here: https://bit.ly/4eY0b8N

U.S. hotel performance was impacted by the Rosh Hashanah and Columbus Day/Indigenous Peoples Day calendar shifts as well as Hurricane Helene. RevPAR was down 7.7% YoY. The coming weeks will reveal more into the markets dealing with the aftermath of Hurricanes Helene and Milton. Globally, RevPAR exceeded $100 for the 16th time this year with notable gains in Australia and Indonesia. More here: https://bit.ly/3U5xn6w

Just a sampling of the powerful functionality that comes with CoStar + Benchmark.

As the #MusicOfTheSpheres Tour pushes Auckland hotel bookings over the 80% mark, the city's hoteliers are ready to welcome Coldplay with open arms. This will be the first time Auckland will see levels this high since July, after having struggled with occupancy in recent months, as noted by Matthew Burke, regional director for the Pacific region at STR. More here: https://bit.ly/3NmkHEx

To truly understand your property or portfolio performance, you need more than just internal data—you need insight into your competition. That's where Competitive Sets come in. By leveraging multiple Comp Sets, hoteliers gain deeper market insights, unlock new opportunities, and fine-tune their strategies for a stronger competitive edge. Learn why Comp Sets are a foundational piece of a comprehensive benchmarking strategy: https://bit.ly/3KljpIb

With just a few clicks, you can view your hotel performance, compare it against your competition, and explore more than 650 markets worldwide. CoStar + Benchmark is where the most comprehensive hospitality market analytics meet competitive share insights to drive strategic decision-making for your property or portfolio. Learn more: https://bit.ly/4gSVTBw

In August, Paris hotels realized a GOPPAR gain of EUR315 from June and EUR132 from July, driven by the Olympics and Paralympics, while London was the only market to report a drop in the metric. Learn how insight into the bottom line can inform better business decisions: https://bit.ly/3XRxEed

Will #Oasis match Taylor Swift's #ErasTour in hotel profits and revenue? As rock'n'roll nostalgia fuels demand, hoteliers are gearing up for another wave of visitors next summer. HNN's Terence Baker sits down with CoStar Group's Cristina Balekjian to discuss the impact of the band's comeback on the U.K. hotel industry, with cities like Cardiff already seeing occupancy at 70%. More here: https://bit.ly/4eDfeos

The gain in U.S. weekly RevPAR (+10.2%) was the highest since early-April 2023, while the ADR lift (+7.5%) was the largest of the past 80 weeks. In Europe, Oktoberfest and trade fairs drove performance across Germany. Read more: https://bit.ly/47RjYoj Note: The devastation brought about by Hurricane Helene’s flooding impacted multiple markets and submarkets late in the week. Data processed in the coming weeks will show the larger impact on markets in the southeast.