STR: U.K. weekly hotel performance update
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 15-21 June, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 15-21 June, is linked below.
Key highlights:
- Occupancy, ADR and RevPAR remained static, with movement not expected until restrictions ease further.
- Midscale & Economy class hotels saw the highest occupancy level, while Luxury class hotels saw the lowest - sitting at just 5% since the beginning of April.
- According to STR's Consumer Travel Insights survey, travelers across English-speaking markets, age 16-34, saw the largest decrease in likelihood to travel after 11 March (-26%).
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
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