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Sydney hotels post strong July numbers

Sydney at dusk

Sydney’s hotel market performed exceptionally well during July, the latest preliminary data from STR shows.

Based on daily data from July, Sydney reported the following in year-over-year comparisons:
-Increases in supply (+3.4%) and demand (+3.5%);
-A 0.1% increase in occupancy to 83.4%;
-A 6.5% increase in average daily rate (ADR) to AUD$198.20; and
-A 6.7% increase in revenue per available room (RevPAR) to AUD$165.25.

STR analysts said performance was helped by the Travel Industry Exhibition (18-19 July) and the Sydney International Boat Show (28 July to 1 August).

STR will release actual July 2016 results during the week of 22 August.

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