STR Releases Preliminary October 2013 Data for Hotels in Sydney

STR Global has released preliminary October 2013 data for Sydney which shows positive growth in all three key performance measures.

Based on the daily data from October, the preliminary data for Sydney includes:

• increases in supply (+2.4%) and demand (+7.2%)

• a +4.7% increase in occupancy to 88.4%;

• a +7.7% growth in ADR to A$210.45; and

• a +12.8% increase in RevPAR to A$185.97.

“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.”