STR Global’s preliminary May 2014 data indicates
a positive trend for hotels in Sydney, with Sydney’s RevPAR
expected to increase 2.1% during 2014.
Based on daily data from May, hotels in
- increases in supply (+1.2%) and demand
- a 3.7% increase in occupancy to 80.8%;
4.9% growth in ADR to A$191.50; and
8.9% increase in RevPAR to A$154.78.
“Demand for Sydney picked up in May while supply
growth continued to slow, leading to occupancy levels in excess of
80.0% for the fourth month in a row,” said Elizabeth Winkle,
managing director of STR Global. “ADR growth remained strong, and
at record levels, and is expected to drive an overall positive
RevPAR performance for the remaining year.”
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