Hotels in Sydney Report Increase in ADR and RevPAR

According to STR Global’s preliminary data, hotels in Sydney enjoyed a positive month in December 2014.

Based on daily data from December, hotels in Sydney reported:

- increases in supply (+1.0%) and flat demand growth (+0.0%);
- a 1.0% decrease in occupancy to 80.0%;
- a 2.1% increase in ADR to A$223.15; and
- a 1.1% increase in RevPAR to A$178.46.

“Sydney closed another year with positive hotel performance, achieving record RevPAR levels of any December since 1995, solely driven by the increase in ADR, while occupancy declined,” said Elizabeth Winkle, managing director of STR Global. “The metropolitan managed to maintain this positive trend for the fifth year in a row and is expected to continue to grow RevPAR in 2015.”