Industry Update
Press Release 3 November 2016

STR partners with the AAoA

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Smith Travel Research

STR, a data benchmarking and analytics specialist, has partnered with the Accommodation Association of Australia (AAoA), the representative body for the Australian accommodation industry, in a joint effort to advance hotel industry growth in Australia.

"This is an excellent opportunity for our organisations to come together and help the accommodation industry reach new heights", said Matthew Burke, Pacific business development manager for STR. "The level of professionalism and performance in the industry will only continue to grow as we combine STR's strong sample, expertise and offerings for hotel operators and industry stakeholders with the AAoA's vast experience in providing services and advocacy for accommodation providers across the country."

Within the partnership, the AAoA will benefit from STR's reporting sample and marketplace insights, covering more than 1,500 hotels in Australia. In turn, STR will receive opportunities to drive further awareness of its range of products and services for Australian accommodation providers.

"The Accommodation Association welcomes the new partnership with STR", said AAoA CEO Richard Munro. "One of our aims is to provide accommodation industry professionals with the tools and support to set them up for success, and we believe that STR brings an effective combination of data reporting offerings and client services to further enhance accommodation businesses."

"There is significant potential for growth, in emerging and established markets alike", Burke said. "Through our benchmarking and profitability reports, our goal is to enable hotels and accommodation providers across all categories to optimise their performance and revenue strategies by making better data-driven decisions. Through partnering with the AAoA, we'll be able to help more businesses to do just that."

"Australia is one of our core markets, and we are fully invested in not only continuing our work in the country, but expanding it", said Jesper Palmqvist, STR's area director for the Asia Pacific region. "We could not be more excited to partner with the AAoA, and I'm confident that this relationship will help further bolster opportunities and standards across the Australian accommodation industry."

STR's data sample in the hotel industry comprises more than 55,000 hotels and 7.4 million hotel rooms around the globe.

About the AAoA

For more than 40 years, the Accommodation Association of Australia has provided a unified voice for the tourism accommodation sector. The Association's membership is made up of around 2,000 properties, including hotels, resorts, serviced apartments, motels, bed & breakfasts, guesthouses, backpacker establishments, caravan parks and timeshare properties in metropolitan, regional and rural Australia. One of the Accommodation Association's core activities is to build and maintain strong, positive relationships with key federal and state/territory political decision-makers. Our goal is to provide real information and tangible evidence on how policy issues are having an impact on the business of tourism accommodation beds in Australia.

About 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.

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Alex Anstett
Media & Communications Coordinator - STR
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