Sydney hotels had the best November for 20 years, according to STR Global, which reported a 5.7% increase in Revenue per available room for the month to A$201 for the properties it monitors. Average rate rose by a similar margin and is now at A$222.

“Sydney achieved occupancy levels in excess of 90% for the second month this year, pushing RevPAR levels to new heights of any November since 1995”, said Elizabeth Winkle, managing director of STR Global.

“After a projected 3.7% RevPAR increase in 2014, we are forecasting another 2.2-percent growth in RevPAR  in 2015, equally driven by growing occupancy and ADR levels”.

 

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