Hotels in Sydney Experience Positive ADR, OR and RevPAR in January 2015

According to STR Global’s preliminary January 2015 data, hotels in Sydney experienced a positive performance for the month. Based on daily data from January, Sydney reported:

• increases in supply (+0.3%) and demand (+0.7%);

• a 0.4% increase in occupancy to 80.7%;

• a 0.8% increase in ADR to A$198.89;

and • a 1.2% increase in RevPAR to A$160.50.

“Sydney had a successful start to the year, with flat positive increases in both occupancy and average daily rate. Room rates managed to drive RevPAR growth, to record the highest ever figures of any January since 1995, when STR Global first began collecting data for this market,” said Elizabeth Winkle, managing director of STR Global. “Demand continued to outpace supply, keeping with the previous year’s trend.”