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STR Global releases preliminary September 2013 data for Sydney

October 12, 2013 Statistics & Trends No Comments Email Email

STR Global’s preliminary September data shows average hotel performance for Sydney, Australia.

Based on STR Global daily data from September, preliminary data for Sydney includes:

* increases in supply (2.5 percent) and demand (3.7 percent);
* a 1.1-percent increase in occupancy to 81.9 percent;
* a 1.3-percent drop in average daily rate to AUD181.61; and
* a 0.2-percent decrease in revenue per available room to AUD148.73.

“This month’s performance was mostly influenced by the Northern Sydney submarket which saw considerable increases in occupancy, however a drop in ADR”, said Elizabeth Winkle, managing director of STR Global. “Sydney witnessed solid occupancy levels in September, however not outperforming the record years 2010 and 2011”.

STR Global will release final September 2013 results in two weeks. Revised 2013 forecasts will be available in November.

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