STR: Sydney Hotel Rates Reached Pandemic-Era Highs in December

STR | January 11, 2022

LONDON — January 11, 2022 — Reflecting the beginning of summer and impact of the holiday season, Sydney’s hotel industry reported its highest room rates of the pandemic-era, according to preliminary December 2021 data from STR. Occupancy: 45.0% Average daily rate (ADR): AUD236.64 Revenue per available room (RevPAR): AUD106.38 The market’s absolute ADR level was its highest for any month since December 2019, while occupancy and RevPAR were the highest since May and April 2021, respectively. On 31 December, Sydney’s ADR (AUD533.81) was the highest in the market since 31 December 2019 (AUD651.85), while RevPAR (AUD287....