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

COSTAR GROUP, INC.

(CSGP)
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STR: U.S. Hotel Results For Week Ending 1 August; U.S. hotel occupancy declined 34.5% to 48.9% during the week of 26 July to 1 August. ADR fell 25.3% to $100.04 and RevPAR dropped 51.1% to $48.96.

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08/07/2020 | 09:53am EDT

HENDERSONVILLE, Tennessee - U.S. hotel performance data for the week ending 1 August showed slightly higher occupancy and room rates from the previous week, according to STR.

26 July through 1 August 2020 (percentage change from comparable week in 2019):

Occupancy: 48.9% (-34.5%)

Average daily rate (ADR): US$100.04 (-25.3%)

Revenue per available room (RevPAR): US$48.96 (-51.1%)

U.S. occupancy has risen week over week for 15 of the last 16 weeks, although growth in demand (room nights sold) has slowed.

STR: U.S. Hotel Results For Week Ending 1 August

Aggregate data for the Top 25 Markets showed lower occupancy (41.4%) and ADR (US$97.58) than all other markets.

Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (64.1%).

Three additional markets reached or surpassed 50% occupancy: Detroit, Michigan (54.3%); San Diego, California (53.1%); and Philadelphia, Pennsylvania-New Jersey (51.4%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (21.4%), and New Orleans, Louisiana (29.7%).

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

https://www.hospitalitynet.org/news/4100049.html

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 1 625 M - -
Net income 2020 246 M - -
Net cash 2020 2 387 M - -
P/E ratio 2020 130x
Yield 2020 -
Capitalization 32 896 M 32 896 M -
EV / Sales 2020 18,8x
EV / Sales 2021 16,0x
Nbr of Employees 4 337
Free-Float 98,8%
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Number of Analysts 14
Average target price 873,92 $
Last Close Price 835,63 $
Spread / Highest target 19,7%
Spread / Average Target 4,58%
Spread / Lowest Target -23,7%
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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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