Sydney's hotels reported performance gains in July, according to preliminary STR data. Occupancy rose 4.2% to 86.9%, while ADR increased 4.7% to 206.90 Australian dollars ($163.28) and RevPAR increased 9.1% to AU$179.75 ($141.82).
LONDON—STR’s preliminary July 2017 data for hotels in Sydney, Australia, indicates performance growth.
Based on daily data from July, Sydney reported the following in year-over-year comparisons:
- Supply: +2.9%
- Demand: +7.2%
- Occupancy: +4.2% to 86.9%
- Average Daily Rate (ADR): +4.7% to AUD206.90
- Revenue per Available Room (RevPAR): +9.1% to AUD179.75
The absolute occupancy level would be the highest for any July on record in Sydney. The absolute value in the metric was especially notable given the considerable supply growth in the market. Arsenal’s visit for soccer matches against Sydney FC (13 July) and the Western Sydney Wanderers (15 July) produced two standout performance nights for the month with RevPAR growth of 18.6% and 26.8%, respectively.
STR will release actual July 2017 results later this month.
Media & Communications Coordinator
+44 (0)207 922 1979
Director of Marketing, Research & Analysis
+44 (0)207 922 1965
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at firstname.lastname@example.org.