Amid increased COVID-19 cases and lockdowns across the country, Australia’s hotel industry reported lower performance levels, according to preliminary August 2021 data from STR.
- Occupancy: 30.8%
- Average daily rate (ADR): AUD163.22
- Revenue per available room (RevPAR): AUD50.33
The occupancy level was the lowest in the country since May 2020. Four of Australia’s capitals and two states were in lockdown during August, which heavily impacted performance. With the most populous states restricted from travel and only limited interstate and intrastate travel, open destinations have felt the impact. Across the top 10 destinations in Australia, each reported sub-50% occupancy for August.
The forward outlook remains muted with small peaks in occupancy visible for September school holidays and key events such as the AFL Grand Final in Perth.
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 str.com and costargroup.com.