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STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate 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), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

October 19, 2020 / Travel

Tourism After Lockdown: Accommodation Preferences

From STR
In late August and early September 2020, STR conducted quantitative research using STR’s Traveler Panel. We set out to examine attitudes to travel in this ‘new COVID world’ and to evaluate early experiences among travelers at a time when many economies were reopening and the industry was seeking to capitalize on pent up demand.
October 13, 2020 / Travel

Tourism After Lockdown: Taking the Pulse of Travel

From STR
The twists and turns of the COVID-19 pandemic have contributed to seismic changes in tourism, which has included the cessation of international travel for some countries. As a whole, we have witnessed long-lasting shifts in consumer behavior and attitudes, producing an increase in active travel, soaring levels of e-commerce and, yes, even ballooning rates of pet ownership.
October 12, 2020 / Economy

Europe’s recovery from the last recession

From STR
Major economies in Europe, including the U.K. and those in the Eurozone, recently confirmed what we already suspected. Economies across the continent have entered an economic recession because of the impact of COVID-19—an impact that has been devastating for the hospitality industry.
October 8, 2020 / Travel

5 key points on Asia Pacific hotel performance

From STR
Mainland China hotel performance is steaming, while occupancy in the Asia Pacific region (excluding Mainland China) presents low occupancy levels overall. U.S. occupancy has remained mostly flat in recent weeks even with a lift from post-natural disaster demand. Recovery in Europe, Australia and New Zealand is also flattening.
October 6, 2020 / Economy

Where is Brazil in the recovery cycle?

From STR
Brazil, like many nations, has lifted COVID-19-related entry restrictions for travelers and provided an additional flow of demand for reopening hotels. However, reopening measures are determined on a state level. How has this affected Brazil’s recovery?
September 17, 2020 / Travel

COVID-19 webinar summary: 5 key points on Europe hotel performance, 10 September

From STR
How does Europe compare to other regions in the recovery cycle? China hit a 69.4% occupancy level on 18 August, the highest level during the time of the pandemic. Since that date, however, China has started to fall back a bit. During the first weekend of September (4-6 September), the market posted 57.6%, 57.5% and 57.9% occupancy levels, respectively.
August 12, 2020 / Travel

5 key points on European hotel performance, August Update

From STR
While Germany boasts the most open hotels in Europe, U.K. hotels are opening the fastest having started July with 70% of hotels closed and ending the month at just 20% hotels closed. European hotel occupancy is significantly healthier moving into August, with coastal markets in many countries experiencing the strongest recovery.
August 7, 2020 / Travel

Europe’s summer season is at stake, can it be salvaged?

From STR
July and August are two of Europe’s most important months for hotels with travellers spread across the continent on summer holidays. However, it is no secret that summer looks much different this time around for Europe due to the global impact of the COVID-19 pandemic. Occupancy (for reporting hotels) for the week ending with 18 July shows that most European countries are somewhere between 20-40% in occupancy.
July 29, 2020 / Travel

5 key points on U.K. and Ireland hotel performance

From STR
While ADR has declined since the end of 2019, the decline is modest compared to Ireland’s significant demand loss over the same period. Peaks in rate over the past few weeks indicate healthy weekend leisure travel.
July 6, 2020 / Travel

5 key points on Europe hotel performance

From STR
For the week ending 28 June, occupancy of open hotels in European countries ranged from 10%-40%. Among those countries, Israel posted the highest occupancy level (41%), followed closely by France (34%) and Spain (32%). Regional markets in Europe are leading the recovery while main cities have lagged. For example, Finland Provincial posted the country’s highest occupancy level (66%), while Helsinki occupancy was 23% for the week ending 28 June.
July 2, 2020 / Travel

Impact on forward hotel bookings in key European markets

From STR
The COVID-19 pandemic has caused unprecedented challenges for global hospitality, with travel restrictions and lockdown measures forcing hotel closures and performance declines that exceed the levels witnessed during the global financial crisis and other challenging times for the industry. An area of the industry where the impact continues to evolve is business on the books, or reservations booked for future dates.
June 22, 2020

5 key points on Pacific hotel performance

From STR
Although COVID-19 accelerated declines in occupancy since the beginning of March in Australia and Oceania, the region has started to see a progressive occupancy increase. Australia and New Zealand have seen spikes in occupancy during the weekends. New Zealand posted its highest occupancy level during the last weekend of March, while Australia reached its highest occupancy level during the first weekend of June.
June 5, 2020

How long will it take Europe to recover to hotel occupancy levels of 40-50%?

From STR
Three months ago, China hit a 15% occupancy level, however, on 30 May, the market posted 47% occupancy followed by U.S (38%) and Middle East (38%). Europe occupancy, however, was just 15% on that same day.
June 1, 2020

Asia Pacific hotel performance

From STR
Mainland China occupancy hit rock bottom in mid-January. However, the market has continued to show a gradual recovery since mid-February. For the week ending with 24 May, preliminary daily data shows better than 50% occupancy. Wednesdays and Thursdays are the highest occupancy days due to the increase in business demand.
May 28, 2020 / Travel

U.S. hotel results for week ending 23 May

From STR
STR data ending with 23 May showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded in April.
May 26, 2020 / Business

5 key points on Europe hotel performance

From STR
The majority of STR participating hotels are closed across Europe. As of 30 April, Barcelona showed the largest percentage of closures (96%), followed closely by Madrid (95%) and Athens (92%). Moscow and Saint Petersburg closures, however, were the lowest in Europe, at 15% and 19%, respectively.
May 19, 2020 / Travel

The influence of COVID-19 on travel plans and accommodation types

From STR
As the COVID-19 pandemic reshapes the world of travel, we investigated the impact on accommodation choices among international travellers. This piece builds on our analysis of propensity to travel in key English-speaking countries, in which we learned that desire for travel has declined but remains strong overall.
May 14, 2020 / Travel

U.S. hotel occupancy rises for week ending 9 May

From STR
STR data for 3-9 May 2020 showed continued modest gains in U.S. hotel occupancy compared with previous weeks, but a similar level of year-over-year decline in the three key performance metrics.