CoStar Group Upgrades Product Access for STR Hotel Data Subscribers
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.
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.
“Today, CoStar becomes the product for tens of thousands of hotel users worldwide,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “With access to the full product offering, hotel owners, operators and brand representatives will gain comprehensive insights across all commercial asset categories, enabling them to refine their sales strategy and identify new investment opportunities.”
CoStar will enable hotel users to leverage multi-segment market analytics and forecasts, tapping into a vast tenant database comprising 7.8 million spaces, an inventory encompassing 6.7 million properties, a pipeline tracking 79,000 projects, and a transactions database containing 4.2 million sales comps.
The latest iteration of STR’s industry-leading benchmarking solution debuted within the CoStar product in May 2023. The comprehensive, multi-lingual solution is built upon a foundation of core historical metrics, delivering an enriched STAR Report, detailed property and portfolio-level insights, and advanced visualizations tailored to streamline revenue and performance management, operations, sales & marketing and finance.
“CoStar is our product and our investment in the future of the industry,” said Amanda Hite, STR President. “Last year's launch was just the beginning of our journey toward this significant milestone. While confidential performance benchmarking remains the focus, the extension of CoStar's commercial intelligence enhances the solution we provide our hotel clients, covering every aspect of the property lifecycle.”
STR's extensive subscriber network spans over 80,000 properties across the Americas, Europe, the Middle East/Africa, and the Asia Pacific region.
For more information about the company and its products and services, please visit CoStarGroup.com.
Categories: Other