Market Report Sydney

Sydney Hotels Report Positive Results for April 2014

Sydney Hotel industry reports a 0.4 percent increase in occupancy to 81.9 percent

STR Global STR Global’s preliminary April data indicate a positive trend for Sydney. 

Based on daily data from April, Sydney reported:

  • increases in supply (2.0 percent) and demand (2.4 percent);
  • a 0.4-percent increase in occupancy to 81.9 percent;
  • a 3.3-percent growth in average daily rate to AUD191.24; and
  • a 3.6-percent increase in revenue per available room to AUD156.68. 
“Increasing demand for Sydney continued to outperform a slowing supply growth, leading to occupancy levels in excess of 80% for the third month in a row”, said Elizabeth Winkle, managing director of STR Global. “This in turn pushed rate to new heights of any April for almost 20 years, when STR Global began collecting data for the market, and helped drive positive RevPAR performance”. 

STR Global will release April 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast will be available by the end of this month.


About STR Global:

STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com. 



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