STR: Sydney’s hotel industry showed steady occupancy levels in May

Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month, according to preliminary May 2022 data from STR.

• Occupancy: 65.1%
• Average daily rate (ADR): AUD233.96
• Revenue per available room (RevPAR): AUD152.32

When looking at daily data, Tuesday and Wednesday occupancy levels hovered between 65% and 75% and outperformed most Saturdays, which shows an increase in business demand.

The highest daily occupancy level for the month (82.8%) came on 28 May, the first Saturday of Vivid Sydney 2022. The event also drove ADR to AUD305.18, which was up 10.7% from the Saturday prior.

All of STR’s COVID-19 analysis can be found here.