Sydney Hotel ADR Highest Since February 2018

• STR said Sydney’s monthly hotel performance reached a pandemic-era high, according to preliminary September 2022 data from STR.
• Singapore international visitor arrivals continue to be strong but The Business Times said the momentum appears to have slowed down in recent months.
• InterContinental Sydney announced the completion of its extensive renovation program to welcome the hotel’s next chapter.

STR said Sydney’s monthly hotel performance reached a pandemic-era high, according to preliminary September 2022 data from STR. Occupancy was 71.8%, average daily rate was A$252.13 and RevPAR was A$181.05. The market’s occupancy and RevPAR levels were the highest since February 2020 while ADR was the highest since February 2018. The highest occupancy level was recorded on Saturdays […]