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STR: Preliminary May data for Sydney hotels

June 13, 2017 Hotel Trends No Comments Email Email

STR’s preliminary May 2017 data for Sydney, Australia, indicates significant performance growth.

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

  • Supply: +3.4%
  • Demand: +5.9%
  • Occupancy: +2.4% to 84.6%
  • Average daily rate (ADR): +7.9% to AUD215.06
  • Revenue per available room (RevPAR): +10.5% to AUD181.92

The absolute occupancy and ADR levels would be the highest on record for a May in Sydney.

STR analysts note that daily occupancy eclipsed 90% 10 times during the month with a high level of 96.9% on 3 May. Events driving demand during May included DesignBUILD (3-5 May), Australian Tourist Exchange (14-18 May), CeBIT Australia (23-25 May), Liverpool FC v Sydney FC (24 May) and opening week of Vivid Sydney (26 May-17 June).

STR will release actual May 2017 results later this month. The May edition of STR’s Market Forecast is now available.

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