Travel Industry News at TravelNewsAsia.com since 1997. Interviews, podcasts, videos, pictures and more

Hotels in Sydney Experience Positive ADR, OR and RevPAR in January 2015

Travel News Asia Latest Travel News Podcasts Videos Thursday, 12 February 2015
 

According to STR Global’s preliminary January 2015 data, hotels in Sydney experienced a positive performance for the month. Based on daily data from January, Sydney reported:

• increases in supply (+0.3%) and demand (+0.7%);

• a 0.4% increase in occupancy to 80.7%;

• a 0.8% increase in ADR to A$198.89;

and • a 1.2% increase in RevPAR to A$160.50.

“Sydney had a successful start to the year, with flat positive increases in both occupancy and average daily rate. Room rates managed to drive RevPAR growth, to record the highest ever figures of any January since 1995, when STR Global first began collecting data for this market,” said Elizabeth Winkle, managing director of STR Global. “Demand continued to outpace supply, keeping with the previous year’s trend.”

STR, Sydney, Australia, ADR, RevPAR

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2024 TravelNewsAsia.com