COVID-19 webinar summary: 5 key points on Pacific hotel performance, 30 October
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 the Pacific region.
Regional markets leading the recovery
In all cases, regional areas are exceeding performance in the state capital. Western Australia (WA) regional posted the highest occupancy level (compare to its capital city, Perth) due to its isolation from the rest of the nation. Tasmania just opened its boarders to many of the states, but it hasn't seen the same sort of effect as it doesn’t have a large enough population to sustain itself (as much as WA).
Steady quarantine business
Auckland, among other markets in New Zealand, has seen steady demand due to international travelers returning for quarantine. The market has reached about 70% of its usual demand.
Saturday vs. Wednesday: Where does recovery stand?
Australia is seeing occupancy increases as restrictions have eased. Overall, hotel performance in the market is still highest on Saturday night compared to Wednesday.
An update on Australia’s occupancy on the books
Australia’s regional destinations led the earliest stage of recovery in the country. According to STR’s Forward STAR data, this trend will continue with Saturday night spikes. Capital cities’ occupancy on the books sat behind as of 26 October (for the next 90 days) due to the lack of corporate demand.
What can we expect next?
Powered by Forward STAR data, the below image includes occupancy on the books for the next 90 days (as of 26 October) in Sydney and Sydney Surrounding, and further insights are provided in the full webinar recording. Occupancy-on-the-books intelligence will help us all understand recovery and provide much-needed context. Those insights can be accessed for free when you submit your data. If you are interested, please email email@example.com.