STR: Preliminary May data for Sydney hotels

STR’s preliminary May 2019 data for hotels in Sydney indicates performance consistent with supply outpacing demand.


Key points:

  • Occupancy: -1.3% to 81.5%

  • ADR: -3.2% to $207.72

  • RevPAR: -4.4% to $169.23


STR’s preliminary May 2019 data for hotels in Sydney indicates performance consistent with supply outpacing demand.


Based on daily data from the month, Sydney reported the following in year-over-year comparisons:


  • Supply: +1.8%

  • Demand: +0.5%

  • Occupancy: -1.3% to 81.5%

  • ADR: -3.2% to $207.72

  • RevPAR: -4.4% to $169.23


May marked the seventh consecutive month of ADR declines for the market. STR analysts note that ADR continues to reflect softened demand in Sydney. The Airport precinct, which has experienced a large increase in hotel inventory over the past 18 months, has attracted more of that demand. Additionally, opening weekend of Vivid (24-25 May) resulted in a 1.7% decline in Sydney’s occupancy and a 7.8% decrease in the market’s ADR.


STR will release full May results later this month.

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