- a decrease in supply (-0.8 percent) and an increase in demand (+3.6 percent);
- a 4.4-percent increase in occupancy to 83.9 percent;
- a 4.7-percent decrease in average daily rate to AUD180.47; and
- a 0.5-percent decrease in revenue per available room to AUD151.36.
Occupancy in Sydney increased in year-over-year comparisons as the city played host to CeBIT Australia and the A-League Grand Final.
STR Global will release May 2015 results in two weeks. The June edition of the STR Global Hotel Market Forecast is now available.