Early reports show Sydney hotel performance declined in October

Sydney CBD shot

STR’s preliminary data for hotels in Sydney in October 2018 showed occupancy and RevPAR decrease. The analysis suggested supply in the city was outweighing demand.

Compared year-on-year to October 2017, supply had increased 3.5 percent, occupancy decreased by 1.8 percent (now 84.9 percent), ADR increased 0.3 percent to AUD$240.14, RevPAR decreased by 1.5 percent to AUD$203.93.