38:
277:, and established in 1998. Lynn Jones, who led the Edinburgh and Lothian Tourist Board's research division, created a spin-off company, LJ Research. Two of LJ Research's products were Visitrac, the company's online survey system that is used for customer feedback, and LJ Forecaster, a hotel benchmarking system that monitored trends based on achieved and future performance.
244:
In 1988, the company launched the first Smith Travel
Accommodations Report (STAR), a monthly report that includes data from hotels and measures each property's market share performance against a self-selected competitive set.
507:
680:
327:, to keep hotel room prices artificially high, using research reports produced by STR to facilitate the sharing of competitively sensitive information among commercial rivals.
675:
660:
237:
They developed a database with names, addresses and phone numbers of hotels in the United States to create the Census
Database. Randy Smith was contacted by
650:
587:
665:
655:
489:
690:
670:
566:
357:
269:
In 2016, STR acquired LJ Research, a market research agency, which was rebranded as
Tourism Consumer Insights. LJ Research was based in
685:
571:
508:"CoStar Group Third Quarter 2019 Revenue Grows 15% and Net Income Increases 34% Year-over-Year; Company Closes STR Acquisition"
230:
STR was founded in 1985 as Smith Travel
Research by Randell A. Smith and his wife Carolyn Smith from their kitchen table in
312:
375:
403:
304:
170:
94:
215:
The company is also the publisher of HotelNewsNow, a website with news on the hotel industry, headquartered in
526:
407:
259:
231:
490:"CoStar Group to Acquire STR, a Global Leader in Benchmarking & Analytics for the Hospitality Industry"
459:
361:
296:
lawsuit was filed against CoStar, the parent company of STR, accusing the company of participating in a
421:
464:
389:
37:
263:
162:
316:
635:
266:
which tracks the stock performance of 15 publicly traded companies in the hotel industry.
248:
In 2008, the company expanded internationally by acquiring HotelBenchmark, a division of
255:
In 2008, the company launched HotelNewsNow, a website with news on the hotel industry.
216:
158:
123:
644:
493:
303:, in which it allegedly conspired with a group of luxury hotel operators, including
511:
320:
297:
293:
281:
166:
154:
128:
27:
Division of CoStar Group that provides market data on the hotel industry worldwide
547:
475:
238:
212:
STR currently tracks 67,000 hotels with over 8 million rooms in 180 countries.
300:
262:, the company launched the Baird / Smith Travel Research Hotel Stock Index, a
48:
439:
270:
190:
17:
274:
249:
592:
206:
198:
625:
567:"CoStar announces intention to buy prominent hotel analytics provider"
202:
186:
174:
343:
630:
531:
324:
308:
194:
182:
178:
58:
588:"CoStar, luxury hotels hit with US consumer price-fixing lawsuit"
404:"Introducing the Baird / Smith Travel Research Hotel Stock Index"
460:"Analytics giant STR buys LJ Research for 'market-leading data'"
620:
376:"Smith Travel Research Acquires Deloitte's HotelBenchmark"
241:
multiple times and urged to create a market share report.
440:"STR Market Research Agencies The Research Buyers Guide"
548:"STR hotel data giant sold to CoStar Group for $ 450M"
222:
It is also the sponsor of the Hotel Data
Conference.
615:
139:
134:
122:
112:
102:
90:
82:
64:
54:
44:
169:data. The company has a corporate headquarters in
681:Travel and holiday companies of the United States
527:"Hotel Data Giant STR Acquired for $ 450 Million"
453:
451:
449:
280:In October 2019, the company was acquired by
8:
378:. Brentwood Capital Advisors. June 17, 2008.
30:
29:
676:Hospitality companies established in 1985
525:Sheivachman, Andrew (October 1, 2019).
335:
661:American companies established in 1985
292:In February 2024, a proposed consumer
7:
173:, an international headquarters in
25:
565:Brasier, John (October 3, 2019).
157:that provides market data on the
651:1985 establishments in Tennessee
36:
666:American corporate subsidiaries
572:American City Business Journals
392:. OPReAnalyst. October 3, 2007.
586:Scarcella, Mike (2024-02-21).
546:May, Kevin (October 1, 2019).
390:"STR and Deloitte join forces"
1:
656:2019 mergers and acquisitions
258:In 2010, in partnership with
691:Travel-related organizations
671:Companies based in Tennessee
358:"Randy & Carolyn Smith"
70:; 39 years ago
707:
631:Latest Hospitality Updates
458:Bain, Simon (2016-06-24).
422:"STR acquires LJ Research"
344:"STR Hotel Industry Data"
177:, England and offices in
171:Hendersonville, Tennessee
95:Hendersonville, Tennessee
35:
686:Sumner County, Tennessee
636:Real Time Travel Updates
317:InterContinental Hotels
232:Lancaster, Pennsylvania
86:Randy and Carolyn Smith
626:Hotel Data Conference
362:University of Houston
161:worldwide, including
514:. October 22, 2019.
284:for $ 450 million.
153:is a subsidiary of
114:Number of employees
32:
496:. October 1, 2019.
264:stock market index
510:(Press release).
492:(Press release).
406:(Press release).
288:Antitrust lawsuit
252:, and The Bench.
163:supply and demand
148:
147:
16:(Redirected from
698:
621:HotelNewsNow.com
604:
603:
601:
600:
583:
577:
576:
562:
556:
555:
543:
537:
536:
522:
516:
515:
504:
498:
497:
486:
480:
479:
473:
472:
455:
444:
443:
436:
430:
429:
428:. June 22, 2016.
418:
412:
411:
400:
394:
393:
386:
380:
379:
372:
366:
365:
354:
348:
347:
340:
144:
141:
78:
76:
71:
40:
33:
21:
706:
705:
701:
700:
699:
697:
696:
695:
641:
640:
612:
607:
598:
596:
585:
584:
580:
564:
563:
559:
545:
544:
540:
524:
523:
519:
506:
505:
501:
488:
487:
483:
470:
468:
457:
456:
447:
438:
437:
433:
420:
419:
415:
410:. June 4, 2010.
402:
401:
397:
388:
387:
383:
374:
373:
369:
356:
355:
351:
342:
341:
337:
333:
290:
228:
138:
115:
105:
97:
74:
72:
69:
28:
23:
22:
15:
12:
11:
5:
704:
702:
694:
693:
688:
683:
678:
673:
668:
663:
658:
653:
643:
642:
639:
638:
633:
628:
623:
618:
611:
610:External links
608:
606:
605:
578:
557:
538:
517:
499:
481:
445:
431:
426:Hotel News Now
413:
395:
381:
367:
349:
334:
332:
329:
289:
286:
227:
224:
217:Lakewood, Ohio
159:hotel industry
146:
145:
136:
132:
131:
126:
120:
119:
116:
113:
110:
109:
106:
103:
100:
99:
92:
88:
87:
84:
80:
79:
66:
62:
61:
56:
52:
51:
46:
42:
41:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
703:
692:
689:
687:
684:
682:
679:
677:
674:
672:
669:
667:
664:
662:
659:
657:
654:
652:
649:
648:
646:
637:
634:
632:
629:
627:
624:
622:
619:
617:
614:
613:
609:
595:
594:
589:
582:
579:
574:
573:
568:
561:
558:
553:
549:
542:
539:
534:
533:
528:
521:
518:
513:
509:
503:
500:
495:
494:Business Wire
491:
485:
482:
477:
467:
466:
461:
454:
452:
450:
446:
441:
435:
432:
427:
423:
417:
414:
409:
405:
399:
396:
391:
385:
382:
377:
371:
368:
363:
359:
353:
350:
345:
339:
336:
330:
328:
326:
322:
318:
314:
310:
306:
302:
299:
295:
287:
285:
283:
278:
276:
272:
267:
265:
261:
256:
253:
251:
246:
242:
240:
235:
233:
225:
223:
220:
218:
213:
210:
208:
204:
200:
196:
192:
188:
184:
180:
176:
172:
168:
164:
160:
156:
152:
143:
137:
133:
130:
127:
125:
121:
117:
111:
107:
101:
98:United States
96:
93:
89:
85:
81:
67:
63:
60:
57:
53:
50:
47:
43:
39:
34:
19:
597:. Retrieved
591:
581:
570:
560:
551:
541:
530:
520:
512:CoStar Group
502:
484:
474:– via
469:. Retrieved
463:
434:
425:
416:
398:
384:
370:
352:
338:
298:price-fixing
294:class action
291:
282:CoStar Group
279:
268:
257:
254:
247:
243:
236:
229:
221:
214:
211:
167:market share
155:CoStar Group
150:
149:
129:CoStar Group
91:Headquarters
45:Company type
476:PressReader
239:Holiday Inn
104:Area served
18:LJ Research
645:Categories
599:2024-04-02
552:Phocuswire
471:2020-06-01
465:The Herald
442:. mrs.org.
331:References
301:conspiracy
49:Subsidiary
271:Edinburgh
191:Singapore
151:STR, Inc.
108:Worldwide
31:STR, Inc.
313:Marriott
275:Scotland
250:Deloitte
83:Founders
55:Industry
593:Reuters
226:History
207:Beijing
199:Jakarta
135:Website
73: (
65:Founded
323:, and
305:Hilton
205:, and
203:Sydney
187:Brazil
175:London
124:Parent
532:Skift
408:Baird
325:Accor
321:Loews
309:Hyatt
260:Baird
195:Tokyo
183:Dubai
179:Italy
59:Hotel
165:and
142:.com
75:1985
68:1985
616:STR
140:str
118:200
647::
590:.
569:.
550:.
529:.
462:.
448:^
424:.
360:.
319:,
315:,
311:,
307:,
273:,
234:.
219:.
209:.
201:,
197:,
193:,
189:,
185:,
181:,
602:.
575:.
554:.
535:.
478:.
364:.
346:.
77:)
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
