STR: Preliminary January data for Sydney hotels
STR: Preliminary January data for Sydney hotels
12 FEBRUARY 2020 9:43 AM

Sydney hotel occupancy dropped 4.9% to 75.7% in January, according to preliminary monthly data. ADR decreased 2.1% to 206.42 Australian dollars ($139.20) and RevPAR fell 6.8% to AU$156.18 ($105.32).

LONDON—STR’s preliminary January 2020 data for hotels in Sydney, Australia, indicates lower performance.

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

• Supply: +1.7%
• Demand: -3.2%
• Occupancy: -4.9% to 75.7%
• Average daily rate (ADR): -2.1% to AUD206.42
• Revenue per available room (RevPAR): -6.8% to AUD156.18

January marked the 25th consecutive month of occupancy declines for the market, due primarily to supply growth. STR analysts note that the New South Wales bushfires and smoke haze have affected performance with a continuation of no additional demand being generated. The lack of significant demand growth is being exacerbated by the outbreak of novel coronavirus (COVID-19), as international arrivals from China make up a large part of inbound tourism in Australia.

STR will release full January results and a revised Sydney Centre forecast later this month.

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit and

International Media Contact
Rebeca Vélez Mínguez
Communications Executive
+44 (0)203 890 0056 ext. 0056

General Media Inbox

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.