Syd ho­tels down

Travel Daily - - News -

REV­ENUE per avail­able room (RevPAR) for ho­tels in Syd­ney dropped by 2.5% to $211.38 in Sep when com­pared to the pre­vi­ous cor­re­spond­ing pe­riod.

The aver­age daily rate (ADR) was also down by 0.8% to $211.38, with the driv­ers of the re­duced per­for­mance at­trib­uted to added sup­ply.

Sep saw a 5.7% bump in sup­ply, while de­mand was not able to keep pace, clock­ing 3.9% growth.

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