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MarketScreener Homepage  >  Equities  >  Nasdaq  >  CoStar Group, Inc.    CSGP

COSTAR GROUP, INC.

(CSGP)
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STR: Canada Hotel Results For Week Ending 8 August; Canadian hotel occupancy fell 48.6% to 39.9% during the week of 2-8 August. ADR declined 28.6% to 132.53 Canadian dollars ($100.34) and RevPAR dropped 63.3% to CA$52.85 ($40.01).

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08/14/2020 | 10:26am EDT

HENDERSONVILLE, Tennessee - STR data for 2-8 August 2020 shows a continued steady rise in Canada's hotel performance but the same significant level of year-over-year declines.

In comparison with the week of 4-10 August 2019, the industry reported the following:

Occupancy: -48.6% to 39.9%

Average daily rate (ADR): -28.6% to CAD132.53

Revenue per available room (RevPAR): -63.3% to CAD52.85

British Columbia was the only province to reach a 50% occupancy level (50.2%).

Two additional provinces reached a 40% occupancy level: Manitoba (42.4%) and Ontario (40.4%).

Ottawa (38.9%), Edmonton (34.9%) and Vancouver (35.1%) were the only major markets at or above the 30% mark.

The lowest occupancy among provinces was reported in Newfoundland and Labrador (31.7%). At the market level, the lowest occupancy was seen in Montreal (20.3%).

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.

Contact

Haley Luther

Communications Coordinator

Phone: +1 615 824 8664 ext. 3500

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 1 649 M - -
Net income 2020 255 M - -
Net cash 2020 2 918 M - -
P/E ratio 2020 124x
Yield 2020 -
Capitalization 32 465 M 32 465 M -
EV / Sales 2020 17,9x
EV / Sales 2021 15,7x
Nbr of Employees 4 337
Free-Float 98,7%
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Mean consensus BUY
Number of Analysts 14
Average target price 926,50 $
Last Close Price 823,61 $
Spread / Highest target 21,4%
Spread / Average Target 12,5%
Spread / Lowest Target -22,5%
EPS Revisions
Managers
NameTitle
Andrew C. Florance President, Chief Executive Officer & Director
Michael R. Klein Chairman
Scott T. Wheeler Chief Financial Officer
Frank A. Simuro Chief Technology Officer
Jason Butler Chief Information Officer
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