STR Global’s preliminary December data shows a positive trend for Sydney.
Based on STR Global daily data from December, preliminary data for Sydney includes:
• increases in supply (+2.5 percent) and demand (+6.1 percent);
• a +3.6-percent increase in occupancy to 80.8 percent;
• a +4.8-percent growth in average daily rate to AUD219.95; and
• a +8.5-percent increase in revenue per available room to AUD177.80.;
“At the end of a record year for Sydney in terms of hotel performance, December posted the highest levels in all three performance measures for this month since STR Global is began collecting data for this market”, said Elizabeth Winkle, managing director of STR Global. “ADR in particular, achieved the highest level in 2013 and was the main driver for a strong RevPAR performance in December”.
STR Global will release December 2013 results in two weeks. The next edition of the STR Global Hotel Market Forecast will be available by the end of February.
About STR Global:
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.
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