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STR Global releases preliminary April 2014 data for Sydney

May 13, 2014 Statistics & Trends No Comments Email Email

STR Global’s preliminary April data indicate a positive trend for Sydney.

Based on daily data from April, Sydney reported:
* increases in supply (2.0 percent) and demand (2.4 percent);
* a 0.4-percent increase in occupancy to 81.9 percent;
* a 3.3-percent growth in average daily rate to AUD191.24; and
* a 3.6-percent increase in revenue per available room to AUD156.68.

“Increasing demand for Sydney continued to outperform a slowing supply growth, leading to occupancy levels in excess of 80% for the third month in a row”, said Elizabeth Winkle, managing director of STR Global. “This in turn pushed rate to new heights of any April for almost 20 years, when STR Global began collecting data for the market, and helped drive positive RevPAR performance”.

STR Global will release April 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast will be available by the end of this month.

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