STR: Preliminary April Data For Sydney Hotels
Sydney's hotel industry reported its highest occupancy and revenue per available room (RevPAR) in 14 months, according to preliminary April 2021 data from STR.
LONDON — Sydney's hotel industry reported its highest occupancy and revenue per available room (RevPAR) in 14 months, according to preliminary April 2021 data from STR.
- Occupancy: 56.7%
- Average daily rate (ADR): AUD195.19
- RevPAR: AUD110.76
The absolute occupancy and RevPAR levels were the highest in Sydney since February 2020, while ADR was the highest since March 2020. Elevated levels were due to continued improvement in both weekend and weekday performance. May is on track for similar performance, as forward occupancy is comparable to levels seen in April.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
All of STR's COVID-19 analysis can be found here.
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