Sydney hotel rates hit pandemic-era highs in December

The market’s absolute ADR level was the highest of any month since December 2019, while occupancy and RevPAR were the highest since May and April 2021, respectively.

LONDON – Reflecting the onset of summer and the impact of the holiday season, Sydney’s hospitality industry reported its highest pandemic-era room rates, according to preliminary December 2021 data from STR.

• Occupancy: 45.0%
• Average daily rate (ADR): 236.64 AUD
• Revenue per available room (RevPAR): AUD 106.38

The market’s absolute ADR level was the highest of any month since December 2019, while occupancy and RevPAR were the highest since May and April 2021, respectively.

As of December 31, Sydney’s ADR (AUD 533.81) was the highest in the market since December 31, 2019 (AUD 651.85), while RevPAR (AUD 287.57) was the highest since December 1. January 2020 (AUD$327.62). Additionally, daily occupancy for the month peaked at 65.3% on December 11.
Looking ahead, STR’s latest Forward STAR the data shows Sydney’s highest occupancy rate in the books on January 15 (32.0%), demonstrating the continued uncertainty and subsequent reluctance of customers to book too far in advance.

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