Sunday, February 17, 2019

Get the latest data on Sydney hotels

STR’s preliminary January 2018 data for hotels in Sydney, Australia, indicates significant growth in both supply and demand.

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

  • Supply: +4.2 percent
  • Demand: +3.2 percent
  • Occupancy: -0.9 percent to 81.2 percent
  • Average daily rate (ADR): +1.5 percent to AUD222.18
  • Revenue per available room (RevPAR): +0.6 percent to AUD180.43
STR analysts note that the 4.2 percent lift in supply (room nights available) caused the first year-over-year January occupancy decline in the market since 2013. Demand still grew without repeat business from Amway China and the Chinese New Year, each of which provided a performance boost in January 2017.

Regardless, the absolute occupancy level was well above the market’s historical average, and ADR growth pushed an overall RevPAR increase for the month. 

STR will release full January results later this month.

About accomnews

accomnews

Check Also

Quest adds 90 apartments to struggling Perth market

The 90-apartment Quest South Perth Foreshore Apartments opened it doors this week, adding to the inventory of a city already suffering a serious oversupply of visitor accommodation.

Marketing for the ages: How to attract intergenerational guests

What happens when a hotel marketer wants to attract guests from across age groups? 

“Strangled for their basic existence”: The city fighting back over OTA commissions

An Indian tourist hub which flourished as a cultural centre under six centuries of dynasty reign has decided it won’t be ruled by OTAs.

Leave a Reply

Your email address will not be published.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