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STR Global releases preliminary October 2013 data for Sydney

November 13, 2013 Statistics & Trends No Comments Email Email

STR Global’s preliminary October data shows positive growth in all three key performance measures.

Based on STR Global daily data from October, preliminary data for Sydney includes:
• increases in supply (+2.4 percent) and demand (+7.2 percent);
• a +4.7-percent increase in occupancy to 88.4 percent;
• a +7.7-percent growth in average daily rate to AUD210.45; and
• a +12.8-percent increase in revenue per available room to AUD185.97.

“For the month of October, Sydney posted the highest levels in all three performance measures since STR Global started recording data for this market, due to a strong growth in demand”, said Elizabeth Winkle, managing director of STR Global. “Monthly ADR, the highest recorded in 2013, was the main contributor to the double-digit growth in RevPAR”.

STR Global will release final October 2013 results in two weeks. Revised 2013 forecasts will be available around the same time.

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