WASHINGTON – In its continued worldwide support of hospitality, tourism and real estate higher education, CoStar Group’s SHARE Center held four student market competitions in November 2024.
In total, 44 teams of three to six students, with the assistance of their faculty advisors, selected a market and were provided with a standard set of reports and data. Each competition was held via Zoom, with senior level industry professionals serving on the panels of judges.
We were thrilled to host our 10th annual Student Market Study Competitions.It was evident how much hard work and many hours that the students put in to analyzing the vast amount of data and information. Offering brilliant insights, each team represented themselves, their program, and their school with honor and distinction. Duane Vinson, director of the CoStar Group SHARE Center
Read more on each competition below, with more quotes from faculty advisors and students who participated in the events.
STR & ICHRIE Asia Pacific Student Market Study Competition (1 November)
Out of nine teams participating, Far Eastern University Manila (Philippines) achieved first place in this competition.
Far Eastern University Manila, Philippines
Republic Polytechnic, Singapore
Beijing Hospitality Institute, China
Winning team: Zoe Vera Acain, Hannah April Dayrit, John Ace Ren-Mar T. Hitosis, Learah Grace C. Magboo, Laurensia Renny Wibisono, and Reanne Nicole Tangalin
Faculty Advisor: Ryan Joseph Calinao
The STR & ICHRIE Asia Pacific and Global Competitions provided an excellent opportunity for our students to apply their knowledge gained through the CHIA certification from areas such as hotel industry analytics, covering both geographical and non-geographical categories, mathematical fundamentals, benchmarking, interpreting data, and analyzing performance reports. It proved to be an enriching experience for both the advisor and the students, fostering a collaborative learning environment. Ryan Joseph Calinao, faculty advisor at FEU Manila
STR & ICHRIE EMEA Student Market Study Competition (8 November)
Winning the STR & ICHRIE EMEA Market Study Competition is truly an honor for us. We appreciate the CoStar Group SHARE Center for organizing the competition and everyone who supported us throughout the process, especially our fellows from CETT-UB. Helena Pérez Pérez, faculty advisor at the CETT Barcelona School of Tourism, Hospitality, and Gastronomy
CETT Barcelona School of Tourism, Hospitality, and Gastronomy (Spain) won first place out of seven participating teams.
CETT Barcelona School of Tourism, Hospitality, and Gastronomy, Spain
EHL, Switzerland
Manchester Metropolitan University, United Kingdom
Winning team: Berta Ramos Izard, Qing Shu, Pau Colomer Ayllon
Faculty Advisors: Nehru González Burgos and Helena Pérez Pérez
This achievement motivates us to continue to grow as a future hotelier and leaders in the industry. For future participants, just keep working hard and enjoy the process. Helena Pérez Pérez
STR & ICHRIE Americas Student Market Study Competition (15-16 November)
Competing in the STR & ICHRIE Student Market Study Competition was an incredible learning opportunity that gave me hands-on experience in gathering and analyzing real-world data. Visiting Los Angeles and connecting with industry professionals was a highlight of the competition. It not only allowed me to expand my network but also gave me valuable insights into the hospitality industry that I can apply to my future career. Katheryn Hansen, member of the Utah Valley University team
Among 17 teams participating, Utah Valley University (USA) won.
Utah Valley University, USA
Virginia Tech University, USA
Universidad Iberoamericana Puebla, Mexico
Americas Winning team: Jessica Gorman, Kiran Sumsion, Jordan Morain, Katheryn Hansen, Mattson Thompson, and Lolita Rojas
Faculty Advisors: Marc Brown and Tony Makris
My advice to future competitors is to embrace the challenge. It is an amazing way to gain skills that will set you apart in the industry. Katheryn Hansen
STR & ICHRIE Global Student Market Study Competition (22 November)
Visiting Los Angeles to explore the market firsthand and interviewing industry professionals was an unforgettable experience. It was amazing to see how the data we researched came to life. The competition challenged me to push my analytical skills and gain a better understanding of the hospitality industry’s trends, especially the dynamics of independent hotels. Jessica Gorman, member of the Utah Valley University team
Utah Valley University (USA) finished first among eleven participating teams.
Utah Valley University, USA
Virginia Tech University, USA
Beijing Hospitality Institute, China
Global Winning team: Jessica Gorman, Kiran Sumsion, Jordan Morain, Katheryn Hansen, Mattson Thompson, and Lolita Rojas
Faculty Advisors: Marc Brown and Tony Makris
Participating in the STR/AHLEI Market Study Competition was a once-in-a-lifetime opportunity to dive deep into real data within the hospitality industry. It was an invaluable learning experience, especially being able to travel to Los Angeles, meet with professionals, and verify our findings in the field. This experience has provided me with crucial skills that I can apply directly to my career in the hospitality industry. Jordan Morais, member of the Utah Valley University team
About the CoStar Group SHARE Center
The CoStar Group SHARE (Supporting Hospitality and Real Estate Education) Center supports schools around the globe by providing large volumes of hotel, tourism and real estate data, as well as related resources to professors and students for research, student projects and use in the classroom. The SHARE Center’s objective is to help improve the quality and increase the industry relevance of hospitality, tourism and real estate research and education. Launched in 2011, the SHARE Center has assisted nearly 1,000 schools from 85 countries. If you would like to find out more about the CoStar Group SHARE Center, please email [email protected].
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
This news release includes “forward-looking statements” including, without limitation, statements regarding CoStar’s expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that future media events will not sustain an increase in future occupancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2023 and Forms 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2023, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Haley LutherCommunications Manager+1 (216) 278 0627STR
