STR

California said goodbye to hidden fees, following the state's new legislation demanding that hotels reveal all costs upfront. In this HNN article, Trevor Simpson explains what this means for travelers and hoteliers. Read more: https://bit.ly/3W8SQMb

In less than two weeks, the Republican National Convention kicks off in Milwaukee. A month later, it is Chicago's turn with the Democratic National Convention. See how these "political Super Bowls” have impacted host market hotel performance in previous years: https://bit.ly/4aHw1UX

With the help of three Taylor Swift concerts, Dublin Pride and the All-Ireland GAA quarter finals during the final weekend of June, Dublin hotel room rates eclipsed EUR300 for just the second time this year and the sixth time in history. More here: https://bit.ly/4bus6eB

The newest edition of “Suite Success” examines how compression nights are driving rates in select markets across Europe and Asia Pacific. Access the latest issue of the newsletter now.

How can hoteliers use CoStar + Benchmark to gain a competitive edge? 🔷Navigate the financial landscape and uncover strategic opportunities by leveraging both historical and forward-looking data. 🔷Access comprehensive data and research that gives you the complete picture of the full commercial market. 🔷Gain detailed intelligence that pinpoints industry standing and finds where a property or portfolio can excel. 🔷Share critical insights across teams and ensure proprietary data is seen by relevant stakeholders only. Revolutionize your approach to data, strategy, and success: https://bit.ly/45CtV7Y

Wrap up the month by revisiting June's top reads: 📉 STR/TE Market Forecast Assumptions – May 2024: https://bit.ly/3VDO9tn 📊 U.S. RevPAR hit a high for the year, largely driven by strong weekday performance from the Top 25 Market.: https://bit.ly/3L3MWXz 🏨 Hotel Execs Convert First-Quarter Disappointment to Optimism for the Remainder of the Year: https://bit.ly/3Vrgbct 💹 Tokyo room rates reached a new peak in May: https://bit.ly/4efYdBb

Euro 2024, Formula One, and Taylor Swift's Eras Tour boosted host market hotel performance in Germany, Spain, and the U.K. More insights from the Europe events and the Juneteenth impact on U.S. performance here: https://bit.ly/3VDrVYq

As a hotelier, you already know that data is power. With access to the expansive CoStar commercial real estate product, however, your insights get a whole lot stronger. Transform your data into your most valuable asset: https://bit.ly/45CtV7Y

Most global markets continued to stay ahead of 2023 before the arrival of the summer holidays in the northern hemisphere. Read more from our latest “bubble chart” update here: https://bit.ly/3XCFn1i

There are significant challenges within Africa's hotel lending environment. Industry experts talked about each of them during a recent HVS webinar ahead of AHIF. HNN's Terence Baker recapped the conversation here: https://bit.ly/4bgsUDx