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STR: Preliminary January data for Sydney hotels

February 13, 2020 Hotel Trends No Comments Email Email


STR’s preliminary January 2020 data for hotels in Sydney, Australia, indicates lower performance.

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

  • Supply: +1.7%
  • Demand: -3.2%
  • Occupancy: -4.9% to 75.7%
  • Average daily rate (ADR): -2.1% to AUD206.42
  • Revenue per available room (RevPAR): -6.8% to AUD156.18

January marked the 25th consecutive month of occupancy declines for the market, due primarily to supply growth. STR analysts note that the New South Wales bushfires and smoke haze have affected performance with a continuation of no additional demand being generated. The lack of significant demand growth is being exacerbated by the outbreak of novel coronavirus (COVID-19), as international arrivals from China make up a large part of inbound tourism in Australia.

STR will release full January results and a revised Sydney Centre forecast later this month.



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