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STR: Preliminary December data for Sydney hotels

January 15, 2019 Hotel Trends No Comments Email Email

STR’s preliminary December 2018 data for hotels in Sydney, Australia, indicates performance declines.   http://www.Germany.travel/en/index.html

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

  • Supply: +3.0%
  • Demand: +1.5%
  • Occupancy: -1.4% to 81.0%
  • Average daily rate (ADR): -1.1% to AUD245.93
  • Revenue per available room (RevPAR): -2.5% to AUD199.23

Performance was affected by supply continuing to outpace demand (room nights sold), however, the absolute occupancy level was the fourth-highest in the market since 2000. Daily data shows the highest absolute ADR and RevPAR levels for the month were recorded 29-31 December, but these levels were lower when compared with 2017.

STR will release full December results later this month.

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