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STR Global releases preliminary August 2015 data for Sydney

September 16, 2015 Hotel Trends No Comments Print Print Email Email

STR Global’s preliminary August 2015 data for Sydney, Australia, indicates positive results in several key performance metrics.http://www.deevanagroup.com/home.html

Based on daily data from August, Sydney reported:

  • increases in supply (+0.9%) and demand (+2.1%);
  • a 1.1% increase in occupancy to 86.2%;
  • a 9.0% increase in average daily rate to AUD203.38; and
  • a 10.3% increase in revenue per available room to AUD175.23.

Demand growth in Sydney continues to outpace supply, and ADR performance in the market is supported through continued depreciation of the Australian dollar against the U.S. dollar.

STR Global will release August 2015 results during the week of 21 September. The August edition of the STR Global Hotel Market Forecast is now available.

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