CoStar Group the leading provider of commercial real estate information, analytics and online marketplaces, has entered into an agreement to acquire STR, a leader in data benchmarking, analytics and marketplace insights for global hospitality sectors.   The acquisition comprises the …

New York, Chicago and Las Vegas are the top North American markets that meeting planners intend to use in the next two years, according to 2019 DestinationMAP (Meeting Assessment Program) by STR. Other than New York (23 per cent), Chicago …

According to the recently released 12-month data from STR, Addis Ababa, Ethiopia is known to have Africa’s highest average daily rate (ADR).  From 23-25 September the market will be host to the Africa Hotel Investment (AHIF) at Sheraton Addis.   …

As per STR’s hotel construction pipeline data for the U.S., 1,575 hotel projects accounting for 203,890 rooms are in construction as of April 2019. This represented a 9.9 per cent year-over-year increase in the number of rooms in the final …

The U.S. hotel industry has seen the positive market impact with a rise up to 61.7 percent for the month of February 2018.   It was released according to the data provided by STR, this record is an in a …

Hotels in over half the 12 cities surveyed in the latest Hotel Bulletin, published this week by HVS, AlixPartners, STR and AM:PM, recorded declining occupancy in Q4 2017, with the other half reporting limited growth.         The …