STR: Australia’s regional areas to outperform capital cities over next three months
STR's Forward STAR data shows that Australia's short-term hotel performance will remain similar to recent months with regional areas outperforming capital cities.Parallel to other countries across the world, higher occupancy in regional areas is especially pronounced on weekends, and occupancy-on-the-books data for the next 90 days (as of 5 October) shows a similar pattern. Data for Saturday, 17 October, for example, shows Regional Australia's occupancy on the books at 46%, while the capital cities show 26% in the metric. November and December data follows suit, with Regional Australia data sitting between 14-32% and capital cities between 8-17%. Post-Christmas is where the trend begins to shift slightly, with more Australians set to head out of town for their summer vacations.