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Hotels in Sydney reported occupancy rose

Staff Writer |
According to preliminary May data, hotels in Sydney reported occupancy rose 2.4% to 84.6%, ADR increased 7.9% to 215.06 Australian dollars ($161.97) and RevPAR jumped 10.5% to AU$181.92 ($137.01).

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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, and 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).


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