Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month, according to preliminary May 2022 data from STR.
- Occupancy: 65.1%
- Average daily rate (ADR): AUD233.96
- Revenue per available room (RevPAR): AUD152.32
When looking at daily data, Tuesday and Wednesday occupancy levels hovered between 65% and 75% and outperformed most Saturdays, which shows an increase in business demand.
The highest daily occupancy level for the month (82.8%) came on 28 May, the first Saturday of Vivid Sydney 2022. The event also drove ADR to AUD305.18, which was up 10.7% from the Saturday prior.
All of STR’s COVID-19 analysis can be found here.
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