ADELAIDE—Sydney’s hotel industry saw lower performance from the month prior, but comparisons against 2019 levels held steady, according to preliminary July 2022 data from STR.
- Occupancy: 65.8%
- Average daily rate (ADR): AUD239.96
- Revenue per available room (RevPAR): AUD157.80
Despite the month-over-month declines, the ADR and RevPAR levels were higher than the 2019 comparables (AUD197.41 and AUD154.71). Occupancy, however, was 16.1% below July 2019.
When looking at daily data, Sydney hotels reported just two days of occupancy below 50%.
All of STR’s COVID-19 analysis can be found here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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