STR Global’s preliminary July data indicate a mainly negative trend for Sydney.
Based on daily data from July, Sydney reported:
- an increase in supply (+0.8 percent) and a decline in demand (-1.2 percent);
- a 2.0-percent decrease in occupancy to 81.5 percent;
- a 5.4-percent decrease in average daily rate to AUD178.55; and
- a 7.3-percent decline in revenue per available room to AUD145.55.
STR Global will release July 2014 results in two weeks. The August 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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