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.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Alex Anstett
Media & Communications Coordinator - STR
STR