Hospitality Research Associate

Hospitality Research Associate

Job Description

OVERVIEW:

STR was acquired in October 2019 as a division of CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces. STR is in the process of combining CoStar's largest and most up-to-date properties database with STR's global hospitality performance data, to give both real estate and hospitality customers a unique and powerful combined view of their local markets.

Hospitality Research is responsible for updating and maintaining STR/CoStar's hospitality inventory database which is the primary basis for most of STR's products. The research teams work with various internal and external stakeholders to receive up-to date information (such as openings, closings, brand changes, pipeline proposals) on hospitality properties including hotels, hostels, and serviced apartments. Additionally, hospitality research utilizes web research, phone calls and other available resources (e.g. planning documents, construction feeds) to obtain additional details on hospitality properties.

As a Hospitality Research Associate, you will be responsible for the ongoing maintenance of the hospitality inventory database including adding new records and updating existing property records. The position will require detail-oriented online research as well as phone calls to complete database records.

RESPONSIBILITIES:

• Contribute to the growth of an accurate and complete database of hospitality inventory
• Conduct independent online research using a variety of sources, including but not limited to: search engines, industry publications, industry associations, etc.
• Add applicable new records and update existing records as new information is made available and/or obtained through proactive research, GIS & municipal websites, corporate portfolio listings, phone calls, chain feeds, enrollment forms, websites, emails, and any other verifiable source
• Complete assigned projects in a timely manner
• Stay knowledgeable of industry trends and current industry news that may affect the assigned region or company
• Understanding of how current events have an impact on assigned region or company.
• Communicate effectively and professionally with properties, clients, and other industry professionals regarding STR/CoStar's policies and guidelines
• Stay knowledgeable and aware of updates or changes to any of STR/CoStar's methodology, policies, or procedures
• Partner closely with STR business development to identify new opportunities, successfully onboard new clients and resolve client inquires

BASIC QUALIFICATIONS:

External applicants are expected to have the following education/experience combination:

• Bachelor's degree required
• 8+ months of research experience or hotel industry experience
• Microsoft Excel, Outlook, Work, and PowerPoint 2016 experience required

Internal applicants are expected to have the following education/experience combination:

• Bachelor's degree required
• Must currently be performing the role of Tenant Research Associate with at least 6 months of tenure in role
• Microsoft Excel, Outlook, Work, and PowerPoint 2016 experience required

PREFERRED QUALIFICATIONS AND SKILLS:

• Capability to accurately capture and enter data
• Ability to work within a team environment as well as an individual contributor
• Natural curiosity, persistence, and ability to conduct thorough investigative research
• Self-motivated and goal-oriented
• Demonstrated knowledge of and/or experience within the hospitality industry
• Proven success performing to metrics or key performance indicators (KPI)
• Ability to be flexible and adapt to changing situations at a high growth company
• CHIA certification

OVERVIEW OF COMPANY:

Founded in 1987, CoStar Group is the leading provider of commercial real estate information, analytics, and online marketplaces. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availability. Behind some of the most well-known brands in the industry, CoStar Group includes CoStar, the largest provider of CRE research and real-time data; LoopNet, the most heavily trafficked mobile and online real estate marketplace; Apartments.com, the premier rental home resource for renters, property managers and owners; STR, the leading provider of performance benchmarking and comparative analytics to the hotel industry; BizBuySell, the largest online marketplace for businesses-for-sales; and Lands of America, the leading operator of online marketplaces for rural real estate.

Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada, and Asia with a staff of over 4,300 worldwide.

WHATS IN IT FOR YOU:

Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

Our benefits package includes (but is not limited to):

• Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
• Life, legal, and supplementary insurance
• 401(K) retirement plan with matching contributions
• Employee stock purchase plan
• Paid time off
• Tuition reimbursement

Be part of a team of professionals enjoying the opportunity to learn, do, and grow in a rewarding atmosphere. But don't just take our word for it -- see why our team chose to work at and stay at CoStar Group: https://www.youtube.com/watch?v=CVbJRnJ2sX0

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar is not able to provide visa sponsorship for this position.

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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing