STR: Sydney hotel performance dipped in July
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.
ADELAIDE - 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%.
All of STR’s COVID-19 analysis can be found here.
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