Sydney’s lodge marketplace documented continual occupancy, whilst area fees fell slightly from the prior thirty day period, according to preliminary May perhaps 2022 details from STR.
- Occupancy: 65.1%
- Average day by day fee (ADR): AUD233.96
- Income per available space (RevPAR): AUD152.32
When seeking at day by day information, Tuesday and Wednesday occupancy ranges hovered in between 65% and 75% and outperformed most Saturdays, which exhibits an improve in business demand.
The maximum day-to-day occupancy level for the thirty day period (82.8%) arrived on 28 Might, the initially Saturday of Vivid Sydney 2022. The party also drove ADR to AUD305.18, which was up 10.7% from the Saturday prior.
All of STR’s COVID-19 investigation can be found listed here.