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Sydney hotels post record September occupancy numbers

Sydney at dusk

Sydney’s hotels have never had a better September from an occupancy standpoint since data started being collected in 1995 by STR.

STR’s preliminary September 2016 data for Sydney have revealed record occupancy levels for the month of 86.0% (up 0.6% on Sep 2015) and in addition, the AUD$206 absolute average daily rate (ADR) level for September 2016 (up 6.2% on Sep 2015) would be the highest for a September in Sydney outside of the 2000 Summer Olympics (AUD$313.99).

In the huge month, there was also a 6.8% increase in revenue per available room (RevPAR) to AUD$177.60.

The stats also reveal there were increases in supply (+4.4%) and demand (+5.0%) in September 2016 and STR analysts note that the month’s performance “was especially strong considering the market’s supply growth”.

AccorHotels’ Chief Operating Officer – Pacific, Simon McGrath exclusively told HM that the company’s Sydney properties soared September and there was more good news to come.

“Not only was September strong, but the next three months are already looking very strong [for our Sydney hotels] and we are possibly looking at record numbers to follow,” he told HM.

STR will release actual September 2016 results later this month.

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