STR: Sydney hotels recorded highest performance of pandemic-era in November
Sydney’s hotel industry recorded its highest performance levels of the pandemic-era, according to preliminary November 2022 data from STR.
Sydney’s hotel industry recorded its highest performance levels of the pandemic-era, according to preliminary November 2022 data from STR.
- Occupancy: 79.8%
- Average daily rate (ADR): AUD273.07
- Revenue per available room (RevPAR): AUD217.79
The market’s ADR level was the highest for any month on record except for September 2000, when it hosted the Sydney Olympics. Occupancy and RevPAR were the highest since November 2019 and February 2019, respectively. Despite the pandemic-era high, occupancy remained 7.9% below the 2019 comparable.
When looking at daily data, Sydney recorded 27 days of occupancy levels above 70%, with the highest occupancy occurring on 12 November (90.5%) and 19 November (89.0%).
STR’s occupancy-on-the-books data reflects continued improving occupancy through December and January. As of 5 December, the metric was at 79% for New Year’s Eve.
More of STR’s analysis can be found here.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.