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

COSTAR GROUP, INC.

(CSGP)
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STR: US Hotel Results For Week Ending 8 August; U.S. hotel occupancy fell 32.6% to 49.9% during the week of 2-8 August. ADR dipped 24.9% to $100.88 and RevPAR decreased 49.4% to $50.37.

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08/14/2020 | 10:27am EDT

HENDERSONVILLE, Tennessee - U.S. hotel performance data for the week ending 8 August showed slightly higher occupancy and room rates from the previous week, according to STR.

2-8 August 2020 (percentage change from comparable week in 2019):

Occupancy: 49.9% (-32.6%)

Average daily rate (ADR): US$100.88 (-24.9%)

Revenue per available room (RevPAR): US$50.37 (-49.4%)

U.S. occupancy has risen week over week for 16 of the last 17 weeks, although growth in demand (room nights sold) has slowed.

STR: US Hotel Results For Week Ending 8 August

Aggregate data for the Top 25 Markets showed lower occupancy (41.7%) and ADR (US$98.90) than all other markets.

Norfolk/Virginia Beach, Virginia, was the only one of those major markets to reach a 60% occupancy level (66.9%).

Three additional markets reached or surpassed 50% occupancy: Philadelphia, Pennsylvania-New Jersey (58.5%); Detroit, Michigan (52.5%); and San Diego, California (51.1%).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (20.2%), and Orlando, Florida (29.6%).

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 1 625 M - -
Net income 2020 246 M - -
Net cash 2020 2 387 M - -
P/E ratio 2020 129x
Yield 2020 -
Capitalization 32 704 M 32 704 M -
EV / Sales 2020 18,7x
EV / Sales 2021 15,9x
Nbr of Employees 4 337
Free-Float 98,8%
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Mean consensus BUY
Number of Analysts 14
Average target price 873,92 $
Last Close Price 828,88 $
Spread / Highest target 20,6%
Spread / Average Target 5,43%
Spread / Lowest Target -23,0%
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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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