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.
STR’s preliminary data for Dubai shows hotel performance declines worsening as concern around the COVID-19 pandemic broadens.
February preliminary data:
Occupancy: -9.4% to 77.1%Average daily rate (ADR):...