While occupancy increased slightly, the market’s absolute ADR and RevPAR levels fell month over month.
LONDON – Amid increased COVID-19 cases and a slow return to office, Sydney’s hotel industry reported a marginal occupancy increase from the prior month, but lower rates, according to preliminary February 2022 data from STR.
• Occupancy: 41.7%
• Average daily rate (ADR): AUD211.42
• Revenue per available room (RevPAR): AUD88.21
While occupancy increased slightly, the market’s absolute ADR and RevPAR levels fell month over month. When indexed to 2019, RevPAR was just 35% of 2019 levels.
STR’s latest Forward STAR data shows improving occupancy over 2021, with an increase in both March (+50%) and April (+43%) levels.
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
