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STR Global releases preliminary June 2014 data for Sydney

July 15, 2014 Statistics & Trends No Comments Email Email

STR Global’s preliminary June data indicates a positive trend for Sydney.

Based on daily data from June, Sydney reported:

* increases in supply (+1.2 percent) and demand (+5.0 percent);
* a 1.5-percent increase in occupancy to 78.1 percent;
* a 2.8-percent growth in average daily rate to AUD187.50; and
* a 4.3-percent increase in revenue per available room to AUD146.20.

“Demand has continued to grow faster than supply since May 2013, resulting in a positive trend for overall occupancy performance”, said Elizabeth Winkle, managing director of STR Global. “ADR growth remained strong, pushing RevPAR to the highest level in 19 years, when STR Global began tracking hotel performance for the market”.

STR Global will release June 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast is now available.

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