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Analysis

Sydney hotel performance dipped in July according to STR

Author: Theodore Koumelis / Date: Thu, 08/11/2022 - 02:22
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Despite the month-over-month declines, the ADR and RevPAR levels were higher than 2019.

Adelaide, Australia — 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%.

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.