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Travel & Tourism

Hyatt to Acquire Playa Hotels & Resorts for Approximately $2.6 Billion

SHERIDAN, WYOMING – February 12, 2025 – SHERIDAN, WYOMING – Feb. 12, 2025 – Hyatt Hotels Corporation has announced it has entered into a definitive agreement to acquire all outstanding shares of Playa Hotels & Resorts NV for $13.50 per share, or approximately $2.6 billion, inclusive of approximately $900 million of debt, net of cash. Hyatt currently holds a 9.4% beneficial ownership stake in Playa’s outstanding shares.

Leadership Commentary on the Acquisition

US Hotel Industry Forecasts Steady Growth in 2025

SHERIDAN, WYOMING – February 10, 2025 –  SHERIDAN, WYOMING – Feb. 10, 2025-The U.S. hotel industry is set for a modest growth in 2025, with a projected 1.8% increase in RevPAR. The Average Daily Rate (ADR) is also expected to rise by 1.6%, while the occupancy rate is anticipated to remain at 63.1%.

Key Trends:

Win a Free Trip to Japan with Gebeco!

SHERIDAN, WYOMING – February 10, 2025 – SHERIDAN, WYOMING – Feb. 10, 2025 – Dreaming of exploring the vibrant culture, breathtaking landscapes, and ancient traditions of Japan? Now is the perfect time to book your dream trip with Gebeco and you could win a free journey to the Land of the Rising Sun!

Gebeco Offers Chance to Win a Free Japan Trip

Gebeco, a leading provider of escorted tours to Japan, is giving away a free trip to one lucky traveler! Any booking made between February 10th, 2025 and March 31st, 2025, for travel between May 1st, 2025 and April 30th, 2026, will be entered into a draw to win a full refund on their trip.

"We are thrilled to offer this incredible opportunity for travelers to experience the magic of Japan," says Michael Knapp, CCO at Gebeco. "With this giveaway, we hope to make even more dreams come true."

Experience Japan's Cherry Blossom Season

Republic of Kazakhstan Introduces New Neo-Nomad Visa for Foreign Remote Workers

SHERIDAN, WYOMING – February 10, 2025 – SHERIDAN, WYOMING – Feb. 10, 2025 – The Republic of Kazakhstan has recently introduced a new visa for foreign nationals who work remotely and wish to combine their professional activities with travel. The so-called "Neo-Nomad Visa" (Category B12-1) is valid for one year and can be extended for another year.

Requirements for the Neo-Nomad Visa

To apply for a Neo-Nomad Visa, foreign nationals must meet certain requirements and submit the necessary documents. These include:

Airlines Prepare for Super Bowl LIX Travel Surge

SHERIDAN, WYOMING – February 10, 2025 – SHERIDAN, WYOMING – Feb. 10, 2025 – Super Bowl LIX is upon us, and airlines are gearing up for a significant increase in travel demand as fans flock to New Orleans for the big game. This year's matchup between the Kansas City Chiefs and the Philadelphia Eagles is expected to draw a massive crowd, requiring airlines to implement special measures to accommodate the influx of travelers.

Increased Flights and Capacity

Major carriers, including American Airlines, Delta, and United, are taking proactive steps to manage the anticipated surge in passenger traffic. These preparations include adding extra flights, increasing capacity on existing routes, and strategically managing schedules to optimize travel for fans heading to and from New Orleans.

Delta's Strategic Approach

WEST COAST MULTIFAMILY LED PRICE GAINS COMPARED TO THE THIRD QUARTER OF 2024

SHERIDAN, WYOMING – February 10, 2025 – SHERIDAN, WYOMING – Feb. 10, 2025 – This month's CoStar Commercial Repeat Sale Indices (CCRSI) offers a look at commercial real estate pricing trends through December 2024. Based on 1,710 repeat sale pairs in December 2024 and 317,677 repeat sales since 1996, the CCRSI provides a measure of commercial real estate repeat sales activity.

CCRSI National Results Highlights

CoStar Group Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

SHERIDAN, WYOMING – February 10, 2025 – SHERIDAN, WYOMING – Feb. 10, 2025 – CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, will announce its financial results for the fourth quarter and full year 2024 on February 18, 2025, after the market closes. Following the release, the company will host a conference call to discuss these results and provide an outlook for the future.

Earnings Release and Conference Call Details

CoStar Group Partners with RX London to Enhance Data-Driven Decision Making in Central London Real Estate

SHERIDAN, WYOMING – February 10, 2025 – SHERIDAN, WYOMING – Feb. 10, 2025 – CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced a new client partnership with RX London, a boutique practice providing multi-disciplinary services in the central London market, with expertise in capital markets, leasing (traditional and flexible), development and lease advisory services. This partnership will provide RX London, which prides itself on being an independent and insightful consultancy, with access to CoStar’s market-leading commercial real estate data and analytics, which can be leveraged to support business development, client advisory, and insight-driven decision making.

Enhancing Data-Driven Approach in a Dynamic Market

CoStar Group Founder and CEO Andy Florance Named as a 2025 RISMedia Real Estate Newsmaker

SHERIDAN, WYOMING – February 10, 2025 – SHERIDAN, WYOMING – Feb. 10, 2025 – Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was recognized as a RISMedia 2025 Real Estate Newsmaker.1 The annual awards list honors real estate professionals who are committed to positively transforming the industry. RISMedia's eighth annual Real Estate Newsmakers honorees celebrate those who made headlines for their commitment and contributions to the real estate industry in 2024.

Recognition for Vision and Investment in Homes.com