STR: Preliminary November data for Sydney hotels
 
STR: Preliminary November data for Sydney hotels
13 DECEMBER 2017 8:40 AM

Sydney hotels observed a 1% occupancy decrease to 90.8% in November, according to preliminary STR data. ADR, however, rose 4.6% to 252.42 Australian dollars ($191.86) and pushed RevPAR up 3.6% to AU$229.22 ($174.17).

LONDON—STR’s preliminary November 2017 data for hotels in Sydney, Australia, indicates significant occupancy and rate levels.

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

  • Supply: +3.7%
  • Demand: +2.7%
  • Occupancy: -1.0% to 90.8%
  • Average daily rate (ADR): +4.6% to AUD252.42
  • Revenue per available room (RevPAR): +3.6% to AUD229.22

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.

STR will release full November 2017 results later this month.

Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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