OCCUPANCY levels in Sydney accommodation provides was 85.7% in Sep, the highest level recorded for the month in the NSW capital since 1995, according to STR's latest results. Sydney's average daily rate also increased 6.2% to $206.60 in Sep compared to the year prior and its revenue per room saw an uptick of 6.8% to $177.60. STR analaysts say the month's performance was especially strong considering the market's supply growth.
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 17 Oct 16
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