STR: Preliminary November Data For Sydney Hotels
Sydney's hotel industry reported mostly flat performance compared with the previous month, according to preliminary November 2020 data from STR.
LONDON - Sydney's hotel industry reported mostly flat performance compared with the previous month, according to preliminary November 2020 data from STR.
Year-over-year declines also came in at a similar level. Comparison with November 2019:
- Occupancy: 38.0% (-56.0%)
- Average daily rate (ADR): AUD154.75 (-33.6%)
- Revenue per available room (RevPAR): AUD58.84 (-70.8%)
Still limited largely to intrastate travel in November, there was a marginal difference from October's absolute results. Alongside hotel quarantine, there were noticeable higher occupancies on weekends for staycation demand. However, Sydney still reports much lower occupancy than other locations across New South Wales.
All of STR's COVID-19 analysis can be found here.
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