STR’s preliminary November 2019 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: +1.9%
- Demand: -1.6%
- Occupancy: -3.4% to 86.5%
- Average daily rate (ADR): -3.9% to AUD233.61
- Revenue per available room (RevPAR): -7.2% to AUD202.06
November marked the 23rd consecutive month of occupancy declines for the market, most of which were supply-driven. STR analysts partially attribute the decline in demand for November to significant bushfires in the country.
STR will release full November results later this month.
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