Market Report Sydney

Sydney Hotels Report Positive Results for June 2014

Sydney Hotel industry reports a 1.5 percent increase in occupancy to 78.1 percent for June 2014

STR Global STR Global’s preliminary June data indicates a positive trend for Sydney. 

Based on daily data from June, Sydney reported:

  • increases in supply (+1.2 percent) and demand (+5.0 percent);
  • a 1.5-percent increase in occupancy to 78.1 percent;
  • a 2.8-percent growth in average daily rate to AUD187.50; and
  • a 4.3-percent increase in revenue per available room to AUD146.20. 
“Demand has continued to grow faster than supply since May 2013, resulting in a positive trend for overall occupancy performance”, said Elizabeth Winkle, managing director of STR Global. “ADR growth remained strong, pushing RevPAR to the highest level in 19 years, when STR Global began tracking hotel performance for the market”. 

STR Global will release June 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast is now available.


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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