Saturday, November 25, 2017

Sydney occupancy increases in July

STR’s preliminary July 2016 data for Sydney, Australia, indicates positive performance driven by rate.

Based on daily data from July, Sydney reported the following in year-over-year comparisons:

  • increases in supply (+3.4%) and demand (+3.5%);
  • a 0.1% increase in occupancy to 83.4%;
  • a 6.5% increase in average daily rate (ADR) to AUD198.20; and
  • a 6.7% increase in revenue per available room (RevPAR) to AUD165.25.

STR analysts note that performance was helped by the Travel Industry Exhibition (18-19 July) and the Sydney International Boat Show (28 July to 1 August).

STR will release actual July 2016 results during the week of 22 August.  The August edition of STR’s Market Forecast will be available at the end of the month.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Privacy or pleasantries? A personal Airbnb predicament

Having narrowly missed out on hotel accommodation in a small town for a big wedding, I turned to my only other option – the sharing economy. Here's what went wrong, and what hotels can learn from it.

To NBN or not to NBN? That is the question…

Think about not signing too long a contract or go month to month to start with until you are happy with the service. Leave your options open...

Where’s the anti-monopoly OTA legislation? Qs raised at ARAMA panel

accomnews attended two of the ARAMA expert panel and expo events in Queensland last week, where some of the biggest names in management rights gave practical tips, predictions, and dissected 2017 for the industry.