Reflecting the circumstances around the COVID-19 pandemic, STR’s preliminary data for Sydney, Australia, shows significantly lower hotel performance across the three key performance metrics.
Comparison with March 2019:
• Occupancy: -47.0% to 46.2%
• Average daily rate (ADR): -11.1% to AUD204.89
• Revenue per available room (RevPAR): -52.9% to AUD94.56
Daily data for the month shows 31 consecutive days of double-digit RevPAR declines. The daily percentage declines escalated from the enactment of additional government containment measures which took effect on 22 March.
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