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Sydney Hotels Report Record Performance in August – Image Credit Unsplash
Sydney’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) for August, according to preliminary data from CoStar. The occupancy rate reached 84.4%, representing an 8.7% increase from the previous year. The ADR rose by 14.9% to AUD285.71, and RevPAR increased by 24.9% to AUD241.18.
The highest occupancy was recorded on the night before the Sydney Marathon, with a rate of 95.1%. On that day, the ADR was AUD414.96, and RevPAR reached AUD394.76. The Sydney Marathon’s inclusion in the global marathon series contributed to increased participation.
Additionally, the final game of the British and Irish Lions Tour on 2 August resulted in an occupancy rate of 92.8%, with ADR and RevPAR at AUD390.18 and AUD361.91, respectively.
Throughout August, Sydney’s hotel occupancy exceeded 70% on all nights except for 24 August, when it was 67.5%.
Sydney Hotels Report Record Performance in August – Image Credit Unsplash
Sydney’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) for August, according to preliminary data from CoStar. The occupancy rate reached 84.4%, representing an 8.7% increase from the previous year. The ADR rose by 14.9% to AUD285.71, and RevPAR increased by 24.9% to AUD241.18.
The highest occupancy was recorded on the night before the Sydney Marathon, with a rate of 95.1%. On that day, the ADR was AUD414.96, and RevPAR reached AUD394.76. The Sydney Marathon’s inclusion in the global marathon series contributed to increased participation.
Additionally, the final game of the British and Irish Lions Tour on 2 August resulted in an occupancy rate of 92.8%, with ADR and RevPAR at AUD390.18 and AUD361.91, respectively.
Throughout August, Sydney’s hotel occupancy exceeded 70% on all nights except for 24 August, when it was 67.5%.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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