Basel hotel booking levels topping 90% for Eurovision
ARLINGTON, Va. – The upcoming Eurovision Song Contest is pushing Basel hotel booking levels as high as 97%, according to the latest Forward STAR data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Basel's St. Jakobshalle will host this year's Eurovision between 13-17 May. As of 28 April, the market shows its highest occupancy on the books (97.3%) for the final night of the contest. Occupancy on the books for the night before is 92.6%, while the other three nights are in the mid-80% range.
The Swiss city was announced as host of Eurovision in August of last year, which has allowed for demand to drive occupancy to compression levels. The level of compression is also a reflection of the lower number of hotel rooms available in the market, with past hosts in the region, Vienna (2015) and Dusseldorf (2011), being much larger. Alex Robinson, regional director at STR
— Source: STR
For more information about the company and its products and services, please visit www.costargroup.com.
Additional Performance Data
CoStar's world-leading hotel performance sample comprises more than 88,000 properties and 11.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France's leading commercial real estate news service. Thomas Daily is Germany's largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group's websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that future media events will not sustain an increase in future occupancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including in CoStar's Annual Report on Form 10-K for the year ended December 31, 2023 and Forms 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2023, each of which is filed with the SEC, including in the "Risk Factors" section of those filings, as well as CoStar's other filings with the SEC available at the SEC's website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Karolina Capova
Media Relations Executive – STR
STR
View source
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hospitality Net
4 days ago
- Hospitality Net
EHL Launches (Em)Power on: A Landmark Philanthropic Initiative to Shape the Future of Hospitality Education
EHL Hospitality Business School is proud to announce the launch of its five-year philanthropic initiative, (Em)Power on, designed to embed philanthropy at the heart of the institution's mission. Aiming to raise 50 million Swiss Francs by 2030, the initiative will establish a sustainable endowment fund to provide scholarships, advance pioneering research, and drive strategic impact for the future of hospitality. A New Era of Giving: Sustainable Support for Education, Research and Strategic Impact Building upon a long-standing tradition of philanthropy at EHL, (Em)Power on is a transformative initiative that will ensure long-term, stable funding for students and academic advancements. Unlike previous fundraising efforts, which allocated donations on an annual basis, the endowment fund represents a transformational approach, generating perpetual returns that create a lasting legacy for donors and meaningful impact for future generations. Our goal is to provide sustainable, long-term financial resources that will empower students, faculty, and our community to break barriers and push the boundaries of hospitality education. This initiative is about creating lasting change that enables students to pursue their ambitions without financial constraints and fuels innovation that will redefine the industry. David Knuff, PhD, Chief Strategic Partnerships Officer at EHL Through this initiative, one potential outcome of the endowment fund is to provide full scholarships for 10% of students, covering their entire four-year academic journey. These scholarships will be needs-based, ensuring that the most talented individuals, regardless of financial background, can access EHL's world-class education. It would provide research Cinzia Torriani, a final-year student at EHL and a scholarship recipient, reflects on the profound impact of financial support: Without the foundation's support, I wouldn't be here, or my journey would have been much more challenging. Beyond financial aid, the emotional encouragement from the foundation has been invaluable, shaping both my personal and professional growth. Beyond scholarships, the endowment fund will fuel research that challenges the status quo and drives meaningful change in the hospitality industry, and neighboring industries. By uniting visionary minds, EHL will support projects that enhance industry practices, explore emerging trends, and develop cutting-edge solutions that redefine the guest experience. A Legacy of Philanthropy and Community Engagement EHL's culture of philanthropy dates back to 1942 when alumni came together in the aftermath of World War II to ensure the school's survival. Their generosity laid the foundation for a long-standing tradition of giving back—one that continues to flourish today through the (Em)Power on campaign. The campaign aims to honor 5,000 donors, fostering a strong sense of community and ensuring that every contribution makes a lasting difference. The fund is professionally managed by Lombard Odier, a renowned investment house specializing in responsible asset management, to ensure sustainable and ethical investment practices. EHL invites alumni, industry leaders, and supporters to be part of this transformative journey. By participating in (Em)Power on, donors will play a pivotal role in shaping the future of education, fostering equal opportunities, and propelling the hospitality industry forward. For more information on how to contribute, visit or contact [email protected]. Together, we are opening doors, breaking barriers, and empowering talent to create a lasting impact on the world of hospitality, and beyond. Grégoire Pavillon Director of Philanthropy EHL
Hospitality Net
21-05-2025
- Hospitality Net
U.S. hotel performance for April 2025
ARLINGTON, Va. – On the negative side of the Easter calendar shift, the U.S. hotel industry reported mixed performance results year over year, according to April 2025 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. April 2025 (percentage change from April 2024): Occupancy: 63.9% (-1.9%) Average daily rate (ADR): US$161.28 (+1.8%) Revenue per available room (RevPAR): US$103.11 (-0.1%) Among the Top 25 Markets, the highest occupancy level was seen in New York (+0.5% to 84.8%). Markets with the lowest occupancy for the month included Detroit (-2.3% to 57.4%) and Minneapolis (+2.7% to 60.9%). The highest gains across the metrics were seen in San Francisco/San Mateo: occupancy (+14.0% to 69.6%), ADR (+20.5% to US$227.44) and RevPAR (+37.4% to US$158.36). The Top 25 Markets in aggregate showed higher occupancy than all other markets as well as a lower year-over-year decline (-1.3% vs. -2.3%). For more information about the company and its products and services, please visit Additional Performance Data CoStar's world-leading hotel performance sample comprises more than 88,000 properties and 11.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests. About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France's leading commercial real estate news service. Thomas Daily is Germany's largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group's websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, as a channel of distribution for material company information. For more information, visit This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that future media events will not sustain an increase in future occupancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including in CoStar's Annual Report on Form 10-K for the year ended December 31, 2023 and Forms 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2023, each of which is filed with the SEC, including in the "Risk Factors" section of those filings, as well as CoStar's other filings with the SEC available at the SEC's website ( All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Karolina Capova Media Relations Executive – STR STR View source
Hospitality Net
19-05-2025
- Hospitality Net
What's a Hotel STAR Report? Answers to Common Questions about STR
Such reliance on jargon isn't unique to the hospitality industry but that's no help to someone who wants to understand the basics of hotel revenue management without asking what might feel like naïve questions like 'erm, what's a STAR report?' While you probably have a better idea now of the context of STAR reports and can navigate conversations involving them, deeper questions might remain in your mind. Don't worry, we're here to answer them for you. This guide breaks down everything hoteliers need to know about STAR reports – from what they include to how to use them for smarter revenue management. What is a STAR report in the hospitality industry? The Smith Travel Accommodations Report – commonly known as the STAR report – is a benchmarking tool used widely across the hotel industry to measure a property's performance against its competitive set and broader market. Published by STR, STAR reports are used in the hotel industry for data-driven decision-making in hospitality revenue and distribution management. Originally known as Smith Travel Research, STR was founded in 1985 and has since become well known for its historical hospitality data, analysis and benchmarking. In 2008, it expanded internationally as STR Global, and today it operates under the parent company CoStar Group, delivering insights to hotels in over 180 countries. STR is widely recognized for its long history of hospitality benchmarking. Its reports are built from aggregated, anonymized data shared by thousands of hotels. STR ensures your property's data is never individually identifiable—only averages across a competitive set are shown, preserving confidentiality while allowing for reliable benchmarking. While the terms 'STR report' and 'STAR report' are sometimes used interchangeably, it's helpful to know that 'STAR' specifically refers to the performance benchmarking report produced by STR. So, in this context, when a hotelier says they're looking at their STR data or STAR report, they're usually talking about the same thing – the detailed report that compares a hotel's performance to its competitive set and market averages. At its core, the STAR report provides key performance indicators (KPIs) like hotel occupancy, average daily rate (ADR) and revenue per available room (RevPAR), as well as index scores that show how a property is performing relative to others in the market. While widely used, STAR reports are typically delivered by mail on a weekly, monthly, or daily basis, depending on your subscription. Used consistently, they can become a foundational part of your performance monitoring toolkit. Why do hotels care about STR reports? But receiving the report is only half the story. Hotels care about STR reports because they provide essential context, revealing how your hotel compares to a hand-selected competitive – a group of similar hotels in their market – as well as to the wider local or regional market. In fact, STR's benchmarking data – particularly the Revenue Generation Index (RGI) – is often used as a performance benchmark for hotel chains and can even play a role in hotel financing. Many ownership groups set RGI-based targets for individual properties, and lenders may consider STR performance when evaluating hotel mortgages or investment potential. This level of benchmarking allows hotel teams to quickly identify whether their performance is leading, lagging or aligned with the market. For example, an uptick in revenue might look positive at first glance, but if competitors are seeing stronger growth, the STAR report reveals an opportunity to reassess pricing, distribution or marketing strategies. Hotels typically use STAR reports during monthly and weekly performance reviews, during budgeting and forecasting, and when reporting to asset managers or owners. The reports are also valuable when evaluating the impact of events, promotions or renovations, or when planning a new development or brand repositioning. In short, any time a hotel wants to put its performance into broader context, a STAR report is a helpful reference. One of the reasons hotels place so much trust in STR reports is the consistent industry-wide participation that underpins them. The data is sourced from a vast network of properties, ensuring robust, real-world benchmarks that reflect actual market conditions, helping you avoid some of the mistakes it's easy to make. Since data is aggregated across the comp set, you get a trustworthy benchmark without exposing individual hotel performance, giving hotels confidence in the accuracy and discretion of the insights. In an industry where competitive dynamics shift constantly, STAR reports help hotels stay focused, agile and aligned with market realities – making them a key part of any savvy revenue strategy. How can you get a STAR report for your hotel? Getting a STAR report for your hotel is a straightforward process – but it does involve a few key steps to ensure the data is both accurate and meaningful. The first step is enrolling your hotel in STR's data-sharing program – the whole system is based on a quid pro quo. This means agreeing to submit your performance data – typically occupancy rate, ADR and total room revenue – on a regular basis. (Don't worry; your hotel's data can't be identified individually by anyone else.) In exchange, STR provides you with benchmarking reports that compare your performance against a comp set of your choosing. This comp set usually includes hotels with similar characteristics in terms of location, size, class and amenities. If you're looking for insights into a specific market rather than clusters of hotels, you can request market trend reports instead of or in addition to a STAR report. These provide aggregated data across entire cities, regions or segments. As for cost, STR pricing is typically based on the type of report, the reporting frequency (daily, weekly, monthly) and the level of detail you require. For most hotels, a basic monthly STAR report comes at a modest subscription fee. More detailed or high-frequency reports (like daily data) may come at a higher cost. If you're part of a hotel chain, access may already be included in your corporate reporting tools. Ultimately, if used well, the investment in STR reporting should more than pay for itself through the clarity and strategic insights it provides, helping you compete smarter in your market. What's included in a STAR report? As we've established, a STAR report provides a snapshot of how a hotel is performing relative to its competitive set and market, focusing on a handful of KPIs that are foundational to revenue management. These metrics not only track your property's performance but also help uncover opportunities and threats in your market positioning. Here's a breakdown of the core KPIs included in a STAR report: Occupancy (%) : The percentage of available rooms that were sold during a given period. This reveals how well a hotel is capturing demand. : The percentage of available rooms that were sold during a given period. This reveals how well a hotel is capturing demand. Average daily rate (ADR) : The average room revenue earned per sold room. ADR helps you assess pricing strategy and rate competitiveness. : The average room revenue earned per sold room. ADR helps you assess pricing strategy and rate competitiveness. Revenue per available room (RevPAR) : Calculated by multiplying occupancy by ADR, your hotel's RevPAR is a key measure of overall revenue performance and efficiency. : Calculated by multiplying occupancy by ADR, your hotel's RevPAR is a key measure of overall revenue performance and efficiency. Index scores : Each KPI is accompanied by an index, which shows how your hotel performed compared to your comp set (an ADR index of 110, for example, means your hotel outperformed the comp set by 10%). : Each KPI is accompanied by an index, which shows how your hotel performed compared to your comp set (an ADR index of 110, for example, means your hotel outperformed the comp set by 10%). Percentage change : Reports include year-over-year and period-over-period comparisons to track performance trends over time. : Reports include year-over-year and period-over-period comparisons to track performance trends over time. Segmentation and day-of-week data: Depending on the level of detail you subscribe to, STAR reports may also break down metrics by business/leisure segments or weekdays vs weekends. Together, these data points give you a clear view of how you're performing and where you might improve. Whether you're tweaking pricing, evaluating promotions or refining your forecast, the STAR report keeps your strategies grounded in real market data. While STAR reports offer a solid retrospective view based on historical performance data, STR also offers Forward STAR – a separate report that provides visibility into future occupancy trends using on-the-books reservations. This helps you compare your forward pacing against the market. For even more immediate and actionable benchmarking, many hoteliers now use tools like Benchmark Insight by Lighthouse. It combines historical and forward-looking metrics – including occupancy, ADR, and RevPAR – with real-time updates pulled directly from your PMS, so you can react faster and make informed decisions with up-to-date market context. How do you read a STAR report? While reading a STAR report can seem daunting at first, once you understand the layout and terminology, it becomes a highly actionable tool. The report is typically divided into sections based on time periods (daily, weekly, monthly), segments (transient, group, total) and comparisons (your hotel vs comp set vs market). In each section, you'll find familiar KPIs like those we flag above, alongside three key terms. These are also covered in the previous section but, with our reading hats on, let's take a closer look, as they're designed to help put your performance in context: Index : This shows how your hotel performed relative to your comp set. An index of 100 means you're on par. Above 100 = outperformance; below 100 = underperformance. : This shows how your hotel performed relative to your comp set. An index of 100 means you're on par. Above 100 = outperformance; below 100 = underperformance. Rank : This tells you how you rank within your comp set for each KPI. For example, '3 of 7' means you're third out of seven hotels. This is helpful for quickly spotting performance gaps. : This tells you how you rank within your comp set for each KPI. For example, '3 of 7' means you're third out of seven hotels. This is helpful for quickly spotting performance gaps. Percentage change: With this metric, you can track growth or decline over time. For example, a +5% change in occupancy shows improvement compared to the same period last year. To get the most value from a STAR report, you should look beyond individual numbers to identify patterns. Are you consistently outperforming on occupancy but lagging in ADR, for example? Such a realization could point to a need for pricing adjustments. Or are you ranked low in RevPAR despite decent occupancy? If so, consider optimizing your strategy for room rates or mix of business. You can also use the report to measure the impact of your hotel marketing campaigns, special events or renovations. It's especially useful for spotting early signs of market shifts, allowing you to adjust strategies before your competitors do. Ultimately, a STAR report isn't just a scorecard; it's a diagnostic tool. When reviewed regularly and interpreted in context, it can guide you in making smarter decisions and help you achieve a more competitive market position. Don't rely solely on STR to measure your hotel's success While STAR reports are a valuable benchmarking tool, they do have limitations. The accuracy and relevance of the data depend heavily on the quality of your comp set – and an unbalanced or outdated group can easily skew your insights. Because STAR reports only show group averages, you won't get a view into how individual competitors are performing. That makes it harder to pinpoint exactly who's gaining share or changing strategy (though it's good news in terms of your own commercially sensitive info!). Additionally, STAR reports focus solely on rooms revenue metrics, leaving out other important revenue streams like food and beverage or ancillary services. They also don't account for qualitative factors such as guest experience or brand perception. Lastly, remember to factor in reporting lags – even daily data is retrospective. So it's not a real-time decision-making tool. To get the full picture, STAR reports should be combined with internal data, forward-looking tools and broader market intelligence. Which brings us to the various solutions that Lighthouse offers to guide you in monitoring and making sense of your own performance metrics. There are plenty to choose from but we'd draw your attention to Benchmark Insight. Built for modern revenue teams, Benchmark Insight provides a real-time view of your performance against the market, with daily updates pulled directly from your PMS. It tracks occupancy, ADR, RevPAR, pickup and pace, and more – across both historical and future-looking data – so you can respond to market shifts as they happen. It also includes Smart Compset, an AI-powered, dynamic competitor set that reflects actual consumer buying behavior – not just static hotel attributes. You control the comparison criteria, update it in real time, and benchmark your hotel against the properties that actually matter. With Benchmark Insight, you can: Spot competitive trends early by analyzing historical and forward-looking data across your comp set Benchmark occupancy, ADR, RevPAR, pickup and pace – all in one place, updated daily Adapt faster to market shifts using real-time insights pulled directly from your PMS Customize your compset with Smart Compset, an AI-powered tool that reflects actual consumer booking behavior Compare performance more accurately by focusing on the properties that truly compete with yours and adapt strategies accordingly Save time with a seamless, user-friendly dashboard integrated into the Lighthouse platform With daily updates and a clear view of the market, drawn from the most diverse and trusted data set in the hospitality industry, Benchmark Insight gives you instant clarity on your competitive position – and where to focus next. About Lighthouse Lighthouse is the leading commercial platform for the travel & hospitality industry. We transform complexity into confidence by providing actionable market insights, business intelligence, and pricing tools that maximize revenue growth. We continually innovate to deliver the best platform for hospitality professionals to price more effectively, measure performance more efficiently, and understand the market in new ways. Trusted by over 70,000 hotels in 185 countries, Lighthouse is the only solution that provides real-time hotel and short-term rental data in a single platform. We strive to deliver the best possible experience with unmatched customer service. We consider our clients as true partners—their success is our success. For more information about Lighthouse, please visit: View source
