STRs preliminary March 2018 data for hotels in Sydney, Australia, indicates performance consistent with significant growth in both supply and demand. continue reading →
Sydney's hotel market reported occupancy fell 0.9% to 81.2% in January, according to preliminary monthly data from STR. ADR, however, increased 1.5% to 222.18 Australian dollars ($173.89), which raised RevPAR 0.6% to AU$180.43 ($141.22). continue reading →
Occupancy slipped slightly due to significant supply growth outpacing demand. Regardless, the market eclipsed 90% occupancy for the second November in a row. STR analysts also note that November is the 40th consecutive month of year-over-year ADR growth in Sydney. continue reading →
Despite a decline in occupancy due to year-over-year supply growth, this was Sydneys second-highest September RevPAR level on record, behind only the month of the 2000 Summer Olympics. continue reading →
Sydney's hotels reported performance gains in July, according to preliminary STR data. Occupancy rose 4.2% to 86.9%, while ADR increased 4.7% to 206.90 Australian dollars ($163.28) and RevPAR increased 9.1% to AU$179.75 ($141.82). continue reading →
According to preliminary May data, hotels in Sydney reported occupancy rose 2.4% to 84.6%, ADR increased 7.9% to 215.06 Australian dollars ($161.97) and RevPAR jumped 10.5% to AU$181.92 ($137.01) continue reading →
The absolute occupancy level would be the highest for a March in Sydney since 1996. STR analysts note that performance levels received a boost from the Adele Live 2017 Australian Tour (10-11 March). continue reading →
STR analysts note that the occupancy level was particularly impressive given that Sydney has experienced significant supply growth. A primary driver of January performance was the Amway China Leadership Seminar (6-18 January), which according to Australian Special Events, welcomed more than 8,000 international delegates to the market. continue reading →
A AUD206.60 absolute ADR level for September 2016 is be the highest for a September in Sydney outside of the 2000 Summer Olympics (AUD313.99). continue reading →