COVID-19 webinar summary: 5 key points on Pacific hotel performance, 19 June

Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in Pacific.

Australia and Oceania: Rise Trend

Although COVID-19 accelerated declines in occupancy since the beginning of March in Australia and Oceania, the region has started to see a progressive occupancy increase.

Weekend occupancy increases

Australia and New Zealand have seen spikes in occupancy during the weekends. New Zealand posted its highest occupancy level during the last weekend of May, while Australia reached its highest occupancy level during the first weekend of June.

Australia: still very flat in the cities

Australia’s capital cities are seeing occupancy increases over the weekends. However, overall, hotel performance in those cities is still very flat.

Auckland: edging toward 50% occupancy

New Zealand has seen consistency in performance across the country. However, Auckland is edging toward 50% occupancy due to weekend occupancy increases and demand from quarantined travelers. Wellington posted also occupancy increases during that particular time.

An update on Australia’s business on the books

Forward STAR data for Australia presents a picture of short-lead demand on the books for Sydney. The below image includes business on the books for the next 90 days as of 15 June, and further insights are provided in the full webinar recording.

Business-on-the-books intelligence will not only help us all understand when recovery begins, and provide much-needed context, those insights can be accessed for free when you submit your data. If you are interested, please email sales@str.com.

For further insights into COVID-19’s impact on global hotel performance, visit our content hub.