what does str mean in real estate
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What is str in hotels?
STR stands for Smith Travel Research, a hospitality analytics firm founded in 1985. STR was recently bought by real estate data firm CoStar Group for a massive $450M all cash deal. But what does STR do? STR has a genius model where hotels pay a monthly fee to see competitor data like occupancy rates, RevPAR and ADR .
What is the STR report and why does it matter?
Developed by the hotel management analytics firm Smith Travel Research, the STR report is a benchmarking tool that compares your hotel performance against a set of similar hotels. The report is usually released every Tuesday and is delivered in a digital format, though you can also receive reports on a monthly or yearly basis.
What is the STR model?
STR has a genius model where hotels pay a monthly fee to see competitor data like occupancy rates, RevPAR and ADR . The genius part of STR’s model is that these hotel customers also contribute their own performance metrics which STR then packages and resells to competitors and investors.
What is the abbreviation for real estate?
Real Estate Abbreviations. A helpful list of the most commonly used real estate, land and property abbreviations used in most real estate related industries. Property Listing Abbreviations: AC or A/C ?Air conditioning. AEK ?All electric kitchen. APPLS ?Appliances. BA ?Bathroom. BR ?Bedroom.