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STR: Preliminary October data for Sydney hotels

November 13, 2018 Hotel Trends No Comments Email Email

STR’s preliminary October 2018 data for hotels in Sydney, Australia, indicates an occupancy-driven performance decline.  http://www.germany.travel/en/index.html

Based on daily data from October, Sydney reported the following in year-over-year comparisons:

  • Supply: +3.5%
  • Demand: +1.7%
  • Occupancy: -1.8% to 84.9%
  • Average daily rate (ADR): +0.3% to AUD240.14
  • Revenue per available room (RevPAR): -1.5% to AUD203.93

According to STR analysts, performance was affected by new supply continuing to outpace demand (room nights sold). Sibos 2018, held 22-25 October, produced the best performing week with Wednesday, 24 October achieving 95.9% occupancy and RevPAR of AUD281.94.

STR will release full October results later this month.

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