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.

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