LONDON—Reflecting the ongoing impact of the latest lockdowns, Sydney hotels showed significantly lower performance across the three key performance metrics, according to preliminary July 2021 data from STR.
- Occupancy: 18.7%
- Average daily rate (ADR): AUD147.08
- Revenue per available room (RevPAR): AUD27.44
The absolute occupancy level was the lowest for any month in STR’s Sydney database while ADR was the lowest since April 2020. That occupancy level is concentrated to returning travelers who are completing their 14-day quarantine. STR’s latest Forward STAR data shows Sydney with lower occupancy on the books at the start of the month compared with the same time last year.
More broadly across New South Wales, and unlike what was seen in Sydney previously, regional NSW properties have been affected by restrictions, with a preliminary July occupancy level of 25.3%.
Further information regarding the latest impact of lockdowns in Australia can be found here.
All of STR’s COVID-19 analysis can be found here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
International Media Contact:
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