STR: Preliminary July Data for Sydney Hotels

STR | August 13, 2021

LONDON — August 13, 2021 — 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 occupa...