A submarket within a two-hour-drive radius from Greater Sydney has seen pronounced hotel performance declines from the ongoing bushfires in Australia.
Hotels in the Asia/Pacific region reported occupancy dipped 1.3% to 69.3% in 2019 while ADR dropped 2% to $98.73 and RevPAR fell 3.2% to $68.38.
Hotels in the Asia/Pacific region reported a 0.5% increase in occupancy to 72.5% in November, a 2.2% dip in ADR to $99.19 and a 1.7% decrease in RevPAR to $71.95.
Sydney hotel occupancy dropped 4.9% to 75.7% in January, according to preliminary monthly data. ADR decreased 2.1% to 206.42 Australian dollars ($139.20) and RevPAR fell 6.8% to AU$156.18 ($105.32).